PetSmart acquired Pet360 for $130 million in cash and up to $30 million more in future performance-based payments.
New employees have been added in design, information architecture, digital strategy planning and technology to augment its existing staff, which is now four times the size since the beginning of 2012.
Acquity Group (NYSE MKT: AQ), a leading global Brand eCommerce™ and digital marketing company, announced today that it has relocated to a permanent space in New York City’s Flatiron District to accommodate a significant rise in employee headcount as more brands enlist the company’s cross-channel expertise. New employees have been added in design, information architecture, digital strategy planning and technology to augment its existing staff, which is now four times the size since the beginning of 2012.
This announcement comes on the heels of Acquity Group’s first quarter 2012 earnings report – the company’s first earnings statement since the successful completion of its IPO in April. Among other results, revenue grew by $12.8 million to $34.5 million, a year-over-year increase of nearly 60 percent.
Revenue gains were driven by organic growth as a result of continued demand for Acquity Group’s services. Earlier this year, the company relocated both its San Francisco and Seattle offices to accommodate demand, and recently launched in the Canadian market with a new office in Ottawa.
“Our success is built on a commitment to provide the highest quality brand experience solutions for our clients and their customers,” said Andrew Walker, Acquity Group Vice President, Atlantic Territory Practice Lead. “Our New York office houses a talented group of individuals who are experts in their field. Their grit and commitment to excellence enable us to add distinct value to clients’ digital presences – a key driver of growth for our organization.”
Founded in 2001, Acquity Group has been helping brands leverage the Internet to drive sales and enhance customer loyalty for more than a decade through an innovative mix of powerful technology and creative design known as Brand eCommerce™. Although Acquity Group opened its first physical office in New York less than a year ago, the company has maintained a strong presence in this market since its inception, supporting a client base of prominent New York Metropolitan and international organizations, including Saks Fifth Avenue, L’Oreal, MAC, MetLife, Dun & Bradstreet, New York Philharmonic and Six Flags.
The new space, located on 6th Avenue and 19th Street in the Flatiron District, will support Acquity Group’s growing workforce and client roster of major business-to-business and retail brands.
About Acquity Group:
Acquity Group is a leading global Brand eCommerce™ and digital marketing company, creating award-winning digital experiences for global brands. Our multi-disciplinary approach brings together strategy, design, and technology to create brand-unique experiences that build firm customer relationships. Acquity Group works with leading brands like Adobe, AT&T, General Motors, Motorola, and Saks Fifth Avenue through offices in North America and Asia.