John Harrington
Sep 8, 2017

We Are Social and Citizen to join new entity as BlueFocus signs deal with US analytics firm

The new entity will also include Vision 7 International arm, which consists of PR shop Citizen and other agencies Cossette, Vision7 Media, and The Camps Collective.

BlueFocus International CEO Holly Zheng
BlueFocus International CEO Holly Zheng

We Are Social and Citizen Relations will join a new marketing services group following an agreement between their Chinese owner BlueFocus and US data analytics firm Cogint.

The new entity, which will be named at a later date, will include BlueFocus’ social-media specialist We Are Social, plus its Vision 7 International arm, which includes PR shop Citizen and other agencies Cossette, Vision7 Media, and The Camps Collective. They will be combined with Cogint’s US-based performance marketing platform Fluent.

Each brand will operate as separate entities, according to a joint statement from BlueFocus and Cogint. BlueFocus will own 63 per cent of the combined company, with the remainder held by Nasdaq-listed Cogint.

The newly combined company is expected to be listed on Nasdaq, subject to regulatory approval. Combined revenue will exceed $400 millions, with underlying earnings (EBITDA) of more than $50 million over the past 12 months.

The statement says the move would help the brands expand in North America and elsewhere. "There is also the opportunity to leverage Fluent’s platform to drive campaign planning, creative and targeting for virtually every marketing channel, extending beyond digital to TV, radio, print and outdoor," the statement says.

Holly Zheng, CEO and president of BlueFocus International, said: "We are confident that the combination businesses announced today will create a new kind of marketing services company, in line with BlueFocus’ overall vision of building an intelligent branding communication group globally."

Ryan Schulke, CEO and co-Founder of Fluent, said the firms were "poised to create one of the world’s largest marketing services organisations with a truly differentiated and powerful offering".

In a statement, We Are Social stressed that there would be no changes in its leadership as a result of the agreement.

Robin Grant, co-founder of We Are Social, said: "We’re looking forward to being part of a bigger group with more expertise, capabilities and scale. An important part of the reason we joined the BlueFocus family was their ambitious plans for international growth, and this agreement is another significant step towards achieving our mutual ambitions."

Global revenue at Citizen Relations grew 11 per cent to $271 million in 2016, according to PRWeek’s Agency Business Report, which did not include figures for We Are Social.

Last month, Citizen Relations named former Talk PR MD Helena Fisher as its UK managing director.


Related Articles

Just Published

21 hours ago

Crash Course: How to market to consumers during Ramadan

The month of Ramadan is fertile ground for brands as both a key shopping event and an opportunity to align with the key tenets such as Zakat. How can brands tap this opportunity in a thoughtful way, and how has Covid-19 altered Ramadan behaviours?

21 hours ago

Uncle Tobys attacks green juices, reality TV ...

The Nestle brand pairs up with Ogilvy Sydney in a bid to inspire the country to ‘wake the fake up’.

22 hours ago

Mural project beautifies cities in more ways than one

INSPIRATION STATION: A Converse initiative sees young artists in cities around the world creating works of art that feed the soul while also cleaning the air.

22 hours ago

Publicis CEO on growth and Epsilon's instrumental role

Arthur Sadoun speaks to Campaign after reporting organic revenue growth of 2.8% in the first three months of 2021.