Outrider, a new media holding company created by Tempus Group plc ,
said that it has acquired a 25 percent stake in New York City-based Kokopelli New Media.
Kokopelli is an interactive agency that provides strategic
marketing and business solutions for a number of clients including Merck & Co.
Inc., W.W. Grainger Inc., VH1 Cable Channel and direct marketer ADVO Inc.
“Kokopelli New Media is a young company with a real understanding of how
companies can successfully leverage client relationships on the Web,” said Rob
Norman, CEO of Outrider. “They have developed robust client services and a
strong yet flexible management infrastructure while all along excelling in
creative business solutions.”
Kokopelli will remain completely independent, but we expect the Kokopelli team
to create valuable synergies with both CIAVSM and Multimedia Marketing Group,
both of which joined Tempus Group in September 1998. In addition, the
arrangement with Kokopelli New Media will enable Tempus Group’s existing
European new media companies to offer services to their U.S. clients if
needed.”
“This alliance with Tempus allows Kokopelli New Media to accelerate expansion
of our core business to better serve our existing and future clients,” said
Spencer Spinnell, chief creative officer of Kokopelli. “We are delighted to
partner with a global company like Tempus. The relationship will enable us to
be more competitive and will
significantly enhance our services and resources to the benefit of our
clients. We are particularly excited to grow the areas of production and
account management staff and e-commerce capabilities.”
Tempus Group plc is a UK media buying communications agency with 36 offices
in 23 countries throughout Europe, Asia Pacific and the U.S., employing more
than 1,200 people. Specifics of the investment were not disclosed.
