29 April 2024 The Irish Film & Television Network
     

UTV Acquires Simply Zesty
06 Mar 2012 :
UTV Media has announced the acquisition of social media agency Simply Zesty – for an initial consideration of £1.7million up to a deferred final consideration of approximately £5million, depending upon future trading performance.

Established in 2009, Zesty employs 22 staff in Dublin and specialises in providing social media marketing services. Clients include Sony, Volkswagen and ebookers.com with 15% of revenue coming from a growing international client base.

John McCann, Group Chief Executive, UTV Media plc said: “The acquisition of Simply Zesty is part of our strategy to create a diversified multi-media business. Simply Zesty is a very successful Irish business with an international presence in the fast-growing social media sector. This acquisition strengthens our existing New Media division and adds further impetus to our multi-media strategy.

Ken Fitzpatrick, CEO of Simply Zesty, said:

“We at Simply Zesty are delighted to be part of the UTV Media Group. Simply Zesty has grown strongly as a social media marketing agency since its foundation, thanks to our great staff and clients both Irish and International. As part of UTV, we hope to develop our existing brand and business model at an accelerated pace.”



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