Announced
Financials
Sources
Tags
Brazil
Friendly
Acquisition
Pending
Single Bidder
Cross Border
E-commerce
e-commerce agency
Majority
Private
Synopsis
WPP, a British multinational communications, advertising, public relations, technology, and commerce holding company, agreed to acquire Corebiz, a Latin American ecommerce agency specialising in VTEX implementation. Financial terms were not disclosed. "Companies both in Latin America and around the world are looking to grow their ecommerce capabilities, having seen over the last two and half years the impact that strong digital commerce strategies can have on business growth. Corebiz's market-leading knowledge of enterprise commerce platforms such as VTEX will further strengthen our commerce expertise. I look forward to welcoming the Corebiz team as we expand our offer to clients here in Brazil and beyond," Stefano Zunino, WPP Brazil Country Manager.
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