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Posted 25th March 2015

St Ives Acquire Solstice Mobile

St Ives Group acquires US-based Solstice Mobile to further strengthen digital capabilities and international footprint.

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St Ives Acquire Solstice Mobile

St Ives Acquires Solstice Mobile

St Ives Group acquires US-based Solstice Mobile to further strengthen digital capabilities and international footprint.

The acquisition is a continuation of St Ives’ strategy to further enhance its digital expertise, and will provide St Ives with deeper mobile customer engagement and loyalty capabilities. The deal also supports St Ives’ target of increasing its international footprint and signals its intent to be seen as a credible contender to leading global digital agency groups and consultancies.

Founded in 2001, Solstice advises Fortune 1000 organizations on the use of emerging technologies that optimize engagements with their employees, customers and partners. With offices in Chicago, New York and Buenos Aires, Solstice has experienced rapid growth in recent years, positioning it as one of the largest privately held, mobile-first digital consultancies in the US.

The acquisition gives Solstice a platform to extend its operations internationally, while also providing a North American foundation for the expansion of the St Ives Group’s digital capabilities.

Solstice Mobile will continue to be managed from its current locations by its existing management team.

This acquisition further strengthens St Ives’ reputation and capabilities in digital and firmly extends our digital capabilities into mobile. Strategically, the deal supports the growth of the Group’s marketing services division, whilst expanding our presence and capabilities in the Americas

Matt Armitage, CEO at St Ives Plc, commented: “This acquisition further strengthens St Ives’ reputation and capabilities in digital and firmly extends our digital capabilities into mobile. Strategically, the deal supports the growth of the Group’s marketing services division, whilst expanding our presence and capabilities in the Americas.”

J Schwan, CEO of Solstice Mobile, commented: “We are very excited to have found the perfect home for Solstice. As mobile continues to affirm its role as the primary digital channel for consumers and employees, we are thrilled to have a platform to expand our services on a global level. Most importantly, St Ives shares our core values of using company culture as a competitive advantage.”

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St Ives Group

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Solstice Mobile

Categories: M&A, Strategy

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