Ad Heavyweight WPP Buys Triad Retail in Digital Commerce Playby
Triad has clients including Walmart, Sam’s Club, EBay
Acquisition gives WPP’s Xaxis reach into online shoppers
WPP Plc, the world’s largest advertising company, agreed to buy closely held e-commerce specialist Trial Retail Media LLC to extend its reach into online shopping.
Triad, which counts retail giants Wal-Mart Stores Inc., Toys “R” Us Inc. and EBay Inc. as clients, had net revenue of more than $120 million last year, gross revenues exceeding $500 million and about 700 employees, according to the statement. The company lets retailers advertise to online shoppers while they’re browsing and making purchases on mobile phones and websites.
The deal is among more than two dozen purchases for London-based WPP this year as the advertising, marketing and communications giant continues to expand. WPP founder and Chief Executive Officer Martin Sorrell bought shopping-basket maker Wire & Plastics Products Plc three decades ago and used it to build an advertising conglomerate that today operates in more than 100 countries.