Dentsu Aegis Network Acquires Global Mind
Dentsu Aegis Network today announces the acquisition of the largest independent agency in Argentina, Global Mind. Headquartered in Buenos Aires, Global Mind will triple the headcount of iProspect in Argentina, while its second office in Miami will act as a launch pad for serving Latin American clients more broadly. Following the acquisition, Global Mind will align its operation with iProspect, the world’s leading performance marketing agency, strengthening the agency’s pan-regional reach and global network of 4,300 business performance specialists.
Founded in 2001, Global Mind is a full-service, cross-channel agency, offering online and offline creative and production, media planning and buying, business intelligence, digital paid search, display, social media management, SEO, programmatic and data & analytics services. The agency’s 120+ person team is split across offices in Buenos Aires and Miami serving numerous blue-chip clients including Netflix, Epson, Paypal, Tarjeta Naranja, Peugeot and Mercado Libre.
“As a key growth driver for the Americas, it’s no coincidence we’ve made three acquisitions in Latin America this year alone. Global Mind’s size, capabilities and leadership team will be critical in scaling Argentina as an important regional hub, allowing us to expand our best-in-class services and markedly accelerate our growth across the region,” said Julio Castellanos, CEO, Latin America, Dentsu Aegis Network.
Global Mind’s co-Founder and CEO Marcelo Montefiore will become CEO of iProspect Argentina, reporting into both Juan Pedro McCormack, CEO, DAN Argentina and Philippe Seignol, President of iProspect, Latin America.
“Joining Dentsu Aegis Network and iProspect is a wonderful opportunity to scale and ultimately be able to offer more diversified services to our clients through a strong global network,” said Montefiore. “At Global Mind, we are 200% focused on delivering true business results, which is a passion we share with Dentsu Aegis and what made us confident that we had found the right partner,” added Andy Berman, President, Global Mind, USA.
"The pace and increasing complexity of the digital economy in Argentina and across Latin America highlighted the need for us to scale our capabilities in business performance marketing,” said Seignol. “Global Mind is a fantastic addition to iProspect and together we will deliver data-driven and people-focused marketing strategies that grow businesses.”
Financial terms of the transaction were not disclosed.