WPP Acquires Fēnom Digital
06 January 2023 - 1:04AM
Business Wire
WPP (NYSE: WPP) today announces the acquisition of Fēnom
Digital, one of the fastest growing digital transformation agencies
in North America.
Founded by Dylan Runne three years ago in New York, Fēnom
Digital specializes in delivering enterprise commerce, order
management systems, supply chain, marketing, and customer
experience solutions to retailers and brands across North America.
The company calls upon over 190 highly skilled technologists to
deliver solutions that drive more than $5 billion of digital sales
for clients annually, including Basset Furniture, Casper, Crocs,
David Yurman, GNC, PacSun and Snipes.
In 2022, Fēnom Digital achieved Salesforce Crest Partner status
and won Salesforce Commerce Cloud Partner of the Year for “Best Up
and Coming Partner.”
Fēnom Digital will join WPP’s world-class, global commerce
capability within Wunderman Thompson, which drives over $30 billion
in GMV for brands such as Nestlé, Bosch and Microsoft. This
acquisition is part of Wunderman Thompson’s strategy to help
clients drive growth across all major digital routes to market in
all major markets and will complement the 3500 commerce experts
within the Wunderman Thompson group.
The announcement follows other recent Wunderman Thompson
acquisitions in the commerce space including Diff and Newcraft.
These further strengthened WPP’s overall digital commerce
capabilities and reflect the company’s ongoing investment into its
commerce offer for clients as consumer needs continue to change. It
is aligned with WPP's accelerated growth strategy, building on
existing capabilities in the areas of commerce and technology.
Mark Read, CEO of WPP, said: “Expanding our business in
high-growth commerce areas continues to be a high priority for WPP
as we enter 2023. The Fēnom team brings a proven track record of
success paired with deep industry expertise and I’m delighted to
welcome them to WPP.”
Neil Stewart, CEO of Wunderman Thompson Commerce &
Technology, said: “We have been highly impressed at the sales
growth Dylan and the Fēnom Digital team have achieved for their
clients. Their expertise complements and strengthens the
world-class Salesforce capability that we already have in North
America. We are looking forward to bringing our combined expertise
to service clients across multiple Salesforce clouds.”
Dylan Runne, CEO, Fēnom Digital, said: “We couldn’t be
happier to be joining the Wunderman Thompson family and bringing
our best-in-class commerce solutions to the world’s leading digital
agency. Wunderman Thompson’s commerce focus and breadth of
capabilities and experience open the door for Fēnom to accelerate
growth and continue executing on the vision of being the leading
global Salesforce Digital Transformation Agency."
About WPP
WPP is the creative transformation company. We use the power of
creativity to build better futures for our people, planet, clients
and communities. For more information, visit www.wpp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230104005788/en/
Alex Davis-Isaac, WPP +1 646-531-7724
Alex.DavisIsaac@wpp.com
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