XM Gravity Indonesia

Last updated
XM Gravity Indonesia
FormerlyPT. Magnavite Group
Type Subsidiary
Industry Advertising
Founded2008;15 years ago (2008)
Key people
Kevin Mintaraga (CEO and co-founder)
Parent WPP Group (since 2012)

XM Gravity Indonesia is one of the subsidiary company of the WPP Group,[ citation needed ] the world's largest advertising company by revenues that employs around 162,000 people in 3,000 offices across 110 countries. [1] [2] This investment is a step closer to WPP Group's goal in reaching 'Asian Domination'. [3]

History

XM Gravity, First established in 2008 as PT. Magnivite Group, is a full service digital advertising agency based in South Jakarta, Indonesia. [4] It was then acquired by the WPP Group in 2012 with the collaboration from JWT global advertising and marketing company. [5] This acquisition is the continuation of the many companies that were acquired by WPP Group in the past years, such as Ogilvy & Mather, Young & Rubicam, Taylor Nelson Sofres, and many others.

Currently,[ when? ] XM Gravity is headed by Kevin Mintaraga as the CEO and Co-founder. The company has more than 120 employees that handles and manages the digital marketing efforts of clients such as XL Axiata, [6] HokaHokaBento, Nestlé. [7] [8]

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References

  1. "WPP Company profile" (PDF). wpp.com. 2014. Retrieved 12 July 2014.
  2. "WPP's Sorrell says Europe a sideshow ahead of U.S". Reuters. Retrieved 28 November 2011.
  3. "WPP's Asian Domination". Media Asia. Retrieved 4 December 2013.
  4. "XM Gravity is the largest integrated digital agency in Indonesia, with a real-time digital core". xmgravity.com. 2014. Retrieved 12 July 2014.
  5. McEwan, Feona. "XM Asia to acquire a stake in PT Magnivate Group, a digital agency in Indonesia". WPP Plc. Retrieved 4 December 2013.
  6. Staff Writer. "XM Gravity acquires first client in Indonesia" . Retrieved 5 December 2013.
  7. "XM Gravity named AOR for HokaHokaBento and Nestle Indonesia" . Retrieved 5 December 2013.
  8. "XM Gravity named digital agency of record for Hokahokabento and Nestle Indonesia" . Retrieved 5 December 2013.