WPP announces that it has agreed to acquire, through the Kantar network, a majority stake in Oasis Insights (Private) Limited (“Oasis”), an insight and consultancy business based in Karachi, subject to regulatory approvals.
Founded in 1996 by Mr. Syed Moazzam Ali Qadri, Oasis offers insight and consultancy services to clients across all business sectors. Oasis employs 105 people and clients include Engro Foods, Mobilink, PTC, Ufone and Unilever.
Oasis’ revenues for the year ended 30 June 2011 were approximately PKR 254 million, with gross assets at the same date of approximately PKR 109 million.
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