New office launch in India
Ebiquity plc ("Ebiquity" or the "Company"), a world leader in media investment analysis, announces the opening of a new office in Gurgaon, India, in response to the significant growth in the Indian advertising market. The office builds on the presence of FirmDecisions, Ebiquity's contract compliance specialist business, which has been operating in Mumbai since March 2017.
India is among the fastest-growing advertising markets in the world and expected to attain 9th rank in overall ad spending by the end of 2021. Ad spend in India is forecast to grow by 23.2%*, and Digital is expected to grow by 28%* by the end of this year.
India's digital transformation is moving at a rapid pace, and Ebiquity recognises the need to have a strategic local presence to support current and new clients.
Reflecting on the significant growth in the Indian market, Ebiquity has appointed Sandeep Srivastava as the Managing Director of its India office, responsible for its expansion in the market. Sandeep brings more than two decades of media management experience across agencies, as well as media consulting. In his previous 14-year position with Accenture's media management practice, he developed its offerings in new and emerging markets, besides India.
Sandeep's experience and expertise in the media and marketing industry will prove invaluable to clients looking for greater transparency and accountability of their media investments.
Sandeep Khewle continues to lead FirmDecisions, and the Ebiquity Group will offer Media Management, Media Performance, and Contract Compliance services to optimise clients' media investments in the region.
Nick Waters, Group Chief Executive Officer, said:
"I am delighted that Ebiquity is now entering India, following the successful launch of FirmDecisions several years ago. India is one of the most exciting and complex media markets in the world with a strong track record of growth over the past 20 years, and many years of high growth ahead. We see a tremendous opportunity to help our clients eliminate waste and create value from their media investments to achieve better business outcomes."
Sandeep Srivastava, Managing Director India, said:
"I'm excited to join Ebiquity at a time when our industry needs greater accountability of marketing investments, especially in digital media. I truly believe that Ebiquity provides world-class services that enable advertisers to maximise the efficiency and effectiveness of their media investments, as digital enters a new era."
(*Source: GroupM TYNY 2021 Report).
Nick Waters (Chief Executive Officer)
Alan Newman (Chief Financial and Operating Officer)
Via Instinctif Partners
07831 379 122
07917 178 920
Panmure Gordon (Financial Adviser, NOMAD & Broker)
Alina Vaskina (Corporate Advisory)
Charles Leigh-Pemberton (Corporate Broking)
020 7886 2500
About Ebiquity plc
Ebiquity plc (LSE AIM: EBQ) is a world leader in media investment analysis. It harnesses the power of data to provide independent, fact-based advice, enabling brand owners to perfect media investment decisions and improve business outcomes. Ebiquity is able to provide independent, unbiased advice and solutions to brands because we have no commercial interest in any part of the media supply chain.
We are a data-driven solutions company helping brand owners drive efficiency and effectiveness from their media spend, eliminating wastage and creating value. We provide analysis and solutions through five Service Lines: Media management, Media performance, Marketing effectiveness, Technology advisory, Contract compliance.
Ebiquity's clients are served by more than 500 media specialists operating from 19 offices covering 80% of the global advertising market.
The Company has the most comprehensive, independent view of today's global media market, analysing $55bn of media spend from 75 markets annually, including trillions of digital media impressions. Our Contract Compliance division, FirmDecisions, audits $40bn of contract value annually.
As a result, more than 70 of the world's top 100 advertisers today choose Ebiquity as their trusted independent media advisor.
For further information, please visit: www.ebiquity.com
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.