WPP PLC Mirum agrees to acquire 3Ti Solutions in China (9155Z)
March 20 2017 - 3:30AM
UK Regulatory
TIDMWPP
RNS Number : 9155Z
WPP PLC
20 March 2017
FOR IMMEDIATE RELEASE 20 March 2017
WPP PLC ("WPP")
Mirum agrees to acquire digital transformation company provider
3Ti Solutions
in China
WPP announces that its wholly-owned operating company Mirum has
agreed to acquire 3Ti Solutions Inc ("3Ti") in China. 3Ti will be
rebranded as Mirum in China, following completion of the
acquisition.
Founded in 2005, the company's services span digital business
strategy consulting, product design and development, software and
mobile app development. 3Ti provides Internet+ and IoT solutions,
and has designed and developed smart wearables, smart office, smart
health and smart finance products for leading clients. 3Ti
currently employs around 100 staff in three offices in Shanghai,
Shenzhen and Xi'an.
3Ti's unaudited revenues for the year ending December 2016 were
RMB 66.8 million, with unaudited total assets of RMB 40.3 million
as at the same date.
3Ti caters to Chinese businesses both locally and abroad. 3Ti's
clients include China CITIC Bank, Bank of Communications,
Mastercard, UnionPay, China Eastern, Ctrip, Geely, Michelin China,
IKEA, OPPO Electronics Corporation, BenQ Corporation, Shiseido and
Fosun.
The acquisition of 3Ti will expand Mirum's service offering into
China with an additional R&D capability aimed at developing
proprietary programmes. Collectively, WPP companies (including
associates) in Greater China generate revenues of US$1.6 billion
and employ 14,000 people.
Contact:
Feona McEwan, WPP +44(0) 20 7408 2204
Juliana Yeh, WPP +852 22803790
This information is provided by RNS
The company news service from the London Stock Exchange
END
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