The Works Acquired By Digital Consultancy RXP Services
ASX-listed digital consultancy RXP Services Limited has announced that, in line with its digital strategy, it has acquired independent creative agency The Works.
RXP said in a statement to shareholders that the acquisition is expected to be EPS accretive in FY18 by over 10 per cent, with synergies of $1.5 million in FY18. The purchase is to be funded by a mix of placement, existing cash reserves, and debt facilities.
With approximately 85 per cent of revenue derived from NSW, the acquisition further enhances RXP’s presence in the state.
Furthermore, RXP’s statement noted that the acquisition will dramatically strengthen its end-to-end delivery capability for its clients by connecting brand strategy and creative to the company’s existing client work.
“This will ensure a deeper level of engagement with current clients, as well as representing higher value work and significant cross-sell revenue opportunities,” it said.
Commenting on the acquisition, RXP CEO Ross Fielding said: “The acquisition of The Works just made sense. It is a really strong fit with RXP’s evolving business model as we continuously seek to grow our digital services offering.
“The future is all about digital, and the acquisition of The Works significantly enhances our capabilities in this area.
“In addition to extending RXP’s already strong digital customer experience delivery capability, it also increases our presence in NSW and further diversifies our customer and revenue base which is crucial for a sustainable business.
“We strongly believe this acquisition will allow a deeper level of client engagement and, therefore, higher client satisfaction. My team and I are very excited about this acquisition and we expect to create some digital waves in the industry.”
Damian Pincus (pictured above, right), co-founder of The Works, said: “In RXP we have found a future focused, innovative and culturally aligned partner at a time when the business of marketing communications continues to undergo significant disruption.
“Clients increasingly want to engage with consumers at a deeper and more personal level and as digital transformation specialists RXP have a wealth of experience in this area.
“This is an exciting partnership and will complement our core brand strategy and creative offering enabling us to further deliver for our clients and people.”
Latest News
Pinterest Announces New Tools, Features and Experiences For Users
Pinterest has introduced a new suite of creator and Pinner products and experiences globally, as the platform continues to evolve to become home for the next generation of creators. At its second annual Pinterest Creators Festival, featuring Megan Thee Stallion and Storm Reid. Pinterest creators Kerin Rose Gold, Wendy’s World, Henri Purnell, Carolina Gelen and […]
Digitas Creates Its Own Flavour With Data Driven Beer
Agency Digitas ANZ has developed its own unique brew of beer, galvanizing the team to channel its expertise in data, technology, digital media and creative. The brainchild of senior creative at Digitas, Nick Duron – Digitas’ ‘Unicorn Punch’ comes in alcoholic and non-alcoholic varieties and was created as a means of making Australian and New […]
Afterpay’s New Study Shows How Next Gen Aussies Are Feeling About Post-Lockdown Life
As Australia prepares to hit its 70 per cent nationwide double vaccination milestone, a new study from Afterpay reveals how Gen Z and Millennials are ready to Press Play on their lives, after 9 in 10 (88 per cent) missed key life events through lockdowns. From hitting restaurants, cafés and pubs and jetting off overseas, […]
Research By Hootsuite And We Are Social Reveals Social Media Usage Has Increased To More Than Half A Billion
New data from Hootsuite and We Are Social reveals that as of June, social media user numbers have jumped by 13 per cent since the same time last year, with the latest data showing an increase of more than half a billion users in just 12 months. The Digital 2021: July Global Statshot report revealed key findings […]
Come From Away Reopens In Sydney!
Producers Rodney Rigby and Junkyard Dog Productions have announced that the worldwide smash hit, Tony and Olivier award-winning musical COME FROM AWAY, has reopened at the Capitol Theatre in Sydney. The pandemic led to all theatre shows closing curtains in Sydney, however, with vaccinations rates soaring and restrictions easing, the theatre is back and Sydney […]
Guardian Australia Launches Revealing Climate Change Podcast, Australia V The Climate
Former PMs, high-ranking politicians and climate experts blow the whistle on how Australia became an international climate change pariah in the new Guardian Australia podcast series, Australia v the climate. Guardian Australia will release a special investigative podcast series ahead of the Cop26 global climate summit, scrutinising Australia’s role in the climate crisis over more […]
Canesten Australia Launches University Of Down Under (#UdoU) Featuring Abbie Chatfield To Teach Aussies About Intimate Health
The new online interactive video course uses ‘never before seen in Australia’ technology to empower and break taboos for Gen Z women, who wish conversations about thrush were more acceptable.
LG SIGNATURE Makes Moves In Partnership With Sydney Dance Company
Do you explode into interpretative dance when opening the fridge? This LG-Sydney Dance Company promo is just the ticket.
Brisbane Brand Agency Type + Pixel Appoints New Creative Lead Eddie Coghlan
Digital-first brand agency Type + Pixel has appointed Eddie Coghlan to the role of Art Director.
Delicious Unveils Expansion Plans As The Brand Celebrates 20 Years!
Delicious celebrates two decades as it contemplates a very dangerous sixth tier to December's vanilla sponge cover.
Facebook Plans To Rename, Rebrand & Focus On Becoming A Metaverse
Zuckerberg set to unveil big changes to his little baby. Also confirms he'd rather be stinking rich than go into space.
Enero’s Q1 Revenues Soar 22.6%
B&T's unsure if Enero boasts Champagne clients on its books, but the corks should be popping on these bubbly numbers.
“She Looks Like A White European!” More Strife For Beyoncé & Jay-Z’s Gaffe-Prone Tiffany Campaign
Beyoncé's Tiffany & Co. campaign is an unravelling disaster. Not 'Kendall Jenner/Pepsi' disaster, but still a disaster.
Foxtel Group And ViacomCBS Unveil Mega Content And Apps Deal
If this don't excite you, news it'll be bringing you the new Top Gun movie will have you breaking out the Kenny Loggins.
Wednesday TV Wrap: The Bachelorette Australia Returns While Gruen Continues Growing
Our first-ever bisexual Bachelorette debuted last night and, judging by the numbers, some of the nans weren't having it.
Vevo Launches New App On Fetch TV
Music video network Vevo is for the groovers, the chanteuses, the karaoke kings and the hairbrush mime artists.
TBWA\Sydney Appoints Nitsa Lotus To Chief Growth Officer & Tanya Vragalis To Managing Director
TBWA\Sydney Group has announced two new key promotions of Nitsa Lotus to chief growth officer and Tanya Vragalis to managing director. In her new role, Lotus will be focused on leading growth initiatives and innovation across each of the agencies within the TBWA\Sydney Group – TBWA, Eleven, Fleishman Hillard, Fabric and Bolt – as well […]
Media Chiefs Dissect 10’s Upfronts
Judging by this, media bosses liked what they saw from 10's Upfronts. They were ecstatic that Rove wasn't returning.
IAB Report Finds That Digital Advertising Vacancy Rates Have More Than Doubled From 2020
Want to make yourself instantly more employable? Simply adding the word 'digital' into any job title does just that.
Diversity, Tech And Influencers At The Heart Of Are Media’s TRENDtalks: Beauty
The beauty industry needs to reflect greater diversity both in front and behind the camera, as consumers increasingly align with brands that share their values, according to a panel of leading experts speaking at Are Media’s latest insight series TRENDtalks: Beauty. Hosted by leading Australian beauty expert and presenter Michael Brown, TRENDtalks: Beauty also highlighted […]
Podsights Report Finds iHeartPodcast Network Performs Above Global Measurement Benchmarks
Findings from the latest Podsights Benchmark Australian Report shows ARN’s iHeartPodcast Network is a market leader in advertising effectiveness and continues to perform well above global benchmarks. Through its partnership with Podsights, ARN is setting the standard for podcast advertising measurement, providing commercial partners with data-led insights to ensure maximum engagement and conversion with iHeartPodcast […]
Adland & Video Conferencing Cop A Roasting In Hilarious Spoof Video Via TrinityP3 And Emotive
The unique thing about video conferencing is you glean a sneak peek into the lounge rooms of people you often despise.
Metropolitan Commercial Radio Ad Revenue Up 12.7% In September
Advertising revenue for metropolitan commercial radio stations reached $53.149 million in September, reflecting a year on year rise of 12.7 per cent, according to data compiled by Milton Data and released by industry body Commercial Radio Australia (CRA). September quarter ad revenue totalled $151.373 million, up 16.1 per cent from the corresponding period a year […]
Interbrand Announces The Best Global Brands Of 2021, With Apple Taking Out Top Spot (Surprise, Surprise)
Few surprises in latest best global brands study. Which is arguably good news if you have an existing heart condition.
Why The Future Of Work Is All About Flexibility – And Lots Of It
Study finds the future of work is all about flexibility. As in multi roles, not doing the splits in your next Zoom call.
“It’s One Of The Most Significant Things Done In A Dating Show”: Hilary Innes And Osher Günsberg On The Bachelorette
If you thought B&T staff's crush on Osher was translating to an oversupply of Osher stories, you may be onto something.
GAMURS Group Appoints Alex Walker To Lead Content Across Asia Pacific
GAMURS Group, the esports and entertainment media network that reaches more than 100 million passionate gamers globally per month, has announced the appointment of Alex Walker as its vice president of content for the Asia Pacific region. Walker joins GAMURS after more than six years at Allure Media and Nine’s Pedestrian Group, where he was […]
Carat Retains Beacon Lighting’s $7.5M Media, Announces Emilia Chambers As Head Of Digital, Melbourne
Notice the Cleopatra crystal chandelier in Carat's reception? If not, did you notice they'd retained Beacon Lighting?
How Flexibility & Control Is Helping Marketers Turn Uncertainty Into Opportunity This Festive Season
Like magpie swoopings & conjunctivitis from the local pool, it appears Xmas stories are starting early this year too.
Why Adland Needs To Embrace Environmental Social Governance
Is everyone at your agency talking environmental social governance & you don't even own a keeper cup? Read this & now.
