It's official! In mid-August, Keyade joined global firm WPP, the world leader in media acquisition, as part of its GroupM subsidiary (including, agencies like Mindshare, Mediacom or Mec).
Pierre Conte, GroupM France CEO, answered a few questions.
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Why was your company interested in buying Keyade?
WPP has tasked me with the growth of the GroupM company in France. With the acqisition of KEYADE, we are "acquiring" growth, we are increasing the share of digital in our overall revenue stream, and most importantly, we are bringing new talent into our organization.
What is the signal that you wish to send with this acquisition?
We are sending the market two messages. First is WPP's demonstrated willingness to invest in France despite the somewhat dire predictions being bandied about regarding the market overall. The second is to stand on its head the misperception of GroupM having "fallen behind" in the digital arena. The fact is, we were already more competitive in this area than our fellow agencies would care to admit. For example, we were already #1 in Mobile. With Keyade, we are now no doubt also #1 on Google.
What is the key to a successful integration of an agency such as Keyade within a corporate group as large as WPP/GroupM?
We are going to be very pragmatic. The number one objective remains the growth of Keyade itself. As far as integration goes, Keyade's managers together with the heads at GMI (GroupM's digital division) will tackle the issues one at a time. There won't be a single major integrative event but rather a series of practical collaborative processes which build on each other.
You have been heading up GroupM for a year now. What are your priorities and strategic key points going forward?
We are one of — if not the – leading companies in our industry, and we must be perceived as such. Over the past year we have made great strides of progress in strengthening our collective abilities, and we are now entering a second stage, starting with the acquisition of Keyade, which focuses on consolidating our talents and breaking new ground.
In a few words, GroupM in France is ...?
With Keyade on board, GroupM is 750 people eager and able to service the best clients on the market. We are a group of media agencies with a human touch and outstanding individuals who are particularly well positioned to assist and earn the trust of companies expanding into the digital arena. We share a common conviction that our value lies as much in the integration of marketing vectors as in the specific expertise of each individual.
And Keyade?
A diamond ... that is destined to be the catalyst for something much, much bigger.
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