WPP's Ogilvy & Mather acquires stake in Strike Media (South African)

WPP announces that Ogilvy & Mather, the global marketing communications group, has acquired a majority stake in Strike Media Proprietary Limited (“Strike”) in South Africa.

Strike is a mobile marketing and technology agency delivering customised mobile strategy, campaigns,design and development services to clients across the financial, retail, consumer and telecommunications sectors.

Established in 2003 by Russel Stromin, Strike is headquartered in Cape Town and employs 20 people. Key clients and partners include Vodacom, MTN, Cell C and Metropolitan Health.

Strike’s revenues for the financial year ended 29 February 2012 were approximately ZAR 16 million with gross assets as at the same date of approximately ZAR16 million.