WPP Group PLC
30 January 2007
FOR IMMEDIATE RELEASE 30 January 2007
WPP GROUP PLC ("WPP")
WPP acquires stake in JumpTap, the mobile
search and advertising company in US
WPP announces that WPP Digital has acquired 2.5% of the issued share capital of
JumpTap, Inc. ("JumpTap"), a leading mobile search and advertising company.
Founded in 2004, JumpTap is based in Cambridge, Massachusetts with offices in
London, Paris and Tel Aviv and employs 89 people. Clients include Alltel
Wireless and Virgin Mobile USA. JumpTap's gross assets at the date of investment
were US$3million.
This investment continues WPP's strategy of developing its networks in fast
growing markets and sectors and strengthening its capabilities in digital media.
It follows recent investments by WPP Digital in Spot Runner (the first internet
advertising agency), LiveWorld (creator of online customer communities), Visible
Technologies (which helps brands manage their internet reputations) and Wild
Tangent (an online game publisher with in-and around-game advertising
capabilities).
Contact:
Feona McEwan, WPP +44 (0)20 7408 2204
www.wpp.com
This information is provided by RNS
The company news service from the London Stock Exchange
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