Aussie Entrepreneur Nick Bell Sells Digital Marketing Agency WME Group

Aussie Entrepreneur Nick Bell Sells Digital Marketing Agency WME Group
SHARE
THIS



Australian entrepreneur Nick Bell has announced he has sold WME, the digital marketing agency he founded in 2008, to Melbourne IT for $39 million.

The deal was finalised on Monday and will see Bell exit the company at the end of June 2017.

Bell, recently listed on the BRW Young Rich List for 2016, will turn his attention to his other businesses, both here and overseas, as well as to angel investing and helping other Australian start-ups.

Bell started WME with his last $400 in his bedroom before rapid growth led to staff of over 200, large clients including Spalding, The Atlantic Group, Rodger David and Allied Pickfords, and an impressive awards tally, including a listing in the Deloitte Technology Fast 50 for three years running.

During WME’s growth spurt, Bell also started, co-founded or invested in a number of other companies in Australia and overseas. He remains involved in these ventures, which include mobile-first agency Appscore and hosting company Hosting Australia.

Bell also remains head of a global group of digital companies employing 300 people across six countries, and will turn part of his attention to immediate growth in Asia.

“The growth and sale of WME has been an extremely challenging and enjoyable experience,” he said.

“I am extremely happy to be handing over the reins to Melbourne IT, who have a great reputation for service and success. It was very important to me that the company was left in the hands of people who genuinely want to continue its growth.

“Personally, the time was also right for me to exit the business. I have a number of other business interests both in Australia and overseas which I want to turn my attention to and help achieve the same growth that WME did.

“I am also excited by the potential Australia is showing in providing the foundations for high-quality start-ups and want to become significantly more involved in nurturing and investing in the talent and ideas we have in our own backyard. I’ll be devoting plenty of time to opening my door to entrepreneurs who would like to discuss or pitch their business.

Please login with linkedin to comment

Formula One NEP Australia WME Group

Latest News

Woman Drops Pants And Urinates During TV Reporter’s Live Cross
  • Media

Woman Drops Pants And Urinates During TV Reporter’s Live Cross

As they say, when ya got to go, ya got to go. And that was certainly the case during a live TV broadcast on CNN in California yesterday. An unnamed reporter for the broadcaster was reporting from what appears to be Venice Beach about an increase in coronavirus cases amongst the local populace. It’s not […]

by B&T Magazine

B&T Magazine
SWM Enhances Audience Intelligence With New Location Data Partner
  • Media

SWM Enhances Audience Intelligence With New Location Data Partner

Seven West Media has enhanced its audience intelligence offering for advertisers thanks to a new partnership with Australian mobile location intelligence platform LANDMARKS ID. LANDMARKS ID enables SWM to integrate its technology directly into the 7plus app to collect, analyse and provide rich audience profiles on 7plus app users. The new partnership improves SWM’s ability […]

LVLY Co-Founder Hannah Spilva: “Agencies Should Focus On Outcomes & Not Hours”
  • Media

LVLY Co-Founder Hannah Spilva: “Agencies Should Focus On Outcomes & Not Hours”

Focusing “more on outcomes and less on hours” can play an important role in evening the playing field when it comes to flexible work, LVLY co-founder and chief executive Hannah Spilva believes. During this year’s B&T Women in Media Awards, presented by Bauer Media, we’ll be recognising exceptional people who have achieved success in their […]

by B&T Magazine

B&T Magazine
Nine’s Big Ideas Store Now Open
  • Media

Nine’s Big Ideas Store Now Open

The Big Ideas Store, Powered by Nine, is now open, returning for its third year with a jam-packed lineup of virtual events, workshops, research studies and speakers celebrating BIG IDEAS and BIG THINKING that make advertising famous. Normally presented as a pop-up store in Sydney and Melbourne, The Big Ideas Store has gone virtual for […]