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Idox acquires Rippleffect Studio

By BFN News | 07:34 AM | Monday 22 August, 2016


Idox, a leading supplier of specialist information management solutions and services, has acquired Rippleffect Studio Lfor £2.0 million (after working capital adjustments). The acquisition is in line with Idox's target of achieving £100m of revenues at sustainable margins in the short to medium term, through a combination of organic growth and acquisitions. Rippleffect is a full-service digital agency which delivers creative digital solutions for clients across the UK. Founded in 1999, it is ranked as one of the UK's top 20 digital agencies. Rippleffect works with some of the most ambitious brands and influential organisations from industries such as sport, retail, tourism, leisure, food & drink and arts & culture. Current clients include Everton and Liverpool football clubs, UK Sport, Visit Guernsey, Aldermore Bank, J D Wetherspoon and the Health Foundation. Rippleffect's services cover the full spectrum of digital solutions, including strategy and planning, user experience, web design and development, ecommerce, search engine optimisation and digital advertising. Rippleffect will be fully integrated into Idox and will operate in conjunction with Idox's existing digital agency, Reading Room, in line with the Group's strong integration track record. The business, which employs over 70 staff, will remain based in Liverpool and will be managed by its existing team reporting to the Group managing director responsible for Idox's digital agencies. For its financial year ended 27 December 2015, Rippleffect reported revenue of £6.3 million, gross profit of £1.8 million, EBITDA of £54,694 and net profit of £34,934. Net assets were £1.2millon. Story provided by StockMarketWire.com

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