St. Ives snaps up UK digital marketing agency

3rd Mar 2014 16:06

St Ives has acquired Realise Holdings, a digital marketing agency, as part of its plan to create a range of digital and marketing services.Realise employs around 96 staff with a client base that covers a range of sectors. In the year ended Septeber 30th 2012, it generated revenue of £9.7m, with year-end gross assets of £6.4m. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose from £1.7m in 2012 to £2.7m (unaudited) in 2013.Chief Executive of St Ives, Patrick Martell, said: "With the acquisition of Realise, we are adding substantial depth to our digital offering and further enhancing the range of marketing services we can provide for our existing and prospective clients. "Realise complements our integrated offering in the market - a combination of insight led innovation and trusted execution across digital and physical media. I am delighted to welcome the Realise team to the group and look forward to supporting their growth plans."Realise will operate as a subsidiary of St Ives and will continue to be managed from its current locations by its existing management team. NR