iStrategyLabs acquired by J. Walter Thompson - Technical.ly DC

Business

Aug. 2, 2016 9:51 am

iStrategyLabs acquired by J. Walter Thompson

Founder and CEO Peter Corbett made the announcement on the iStrategyLabs website Tuesday morning.

Peter Corbett, center, with Matt Eastwood, Worldwide Chief Creative Officer at J. Walter Thompson on the left and Tamara Ingram, Global CEO at the J. Walter Thompson on the right.

(Courtesy photo)

iStrategyLabs founder and CEO Peter Corbett announced Tuesday that the Shaw-based company has been acquired by J. Walter Thompson — a part of communications conglomerate WPP.

“Some founders think that the day you sell your company is ‘the end’; that you’ve sold your baby,” Corbett wrote in a post on the ISL website. “I never set out to do that — so for years I resisted all the offers that came our way, of which there were many.”

However, the post goes on to say, there came a time when he realized that his nine-year-old, nearly 90-person advertising agency was no longer a small company, and needed the space and opportunity to grow further.

“We’ve done a deal so that our major league ambitions can be fully realized,” he adds. Neither Corbett’s announcement nor a WPP press release on the acquisition discloses any numbers.

ISL will continue to be based in D.C., Corbett’s announcement states, though the company will also develop an office at J. Walter Thompson HQ in New York.

Companies: iStrategyLabs
People: Peter Corbett
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Accenture has acquired a Seattle-based cybersecurity company

sweetgreen has acquired Galley

Cvent has acquired a San Francisco-based mobile event app maker

SPONSORED

DC

Building a data acquisition system? Don’t make this mistake

DC, SF, NYC

Nava

Experienced Software Engineer – Backend

Apply Now
Washington DC

The Washington Post

Back End Developer/ Engineer – Arc Engineering

Apply Now
Washington, DC

Upside Business Travel

Full Stack Engineer

Apply Now

Endgame is set to be acquired by a Netherlands-based data management firm for $234M

Virginia-based Distil Networks is set to be acquired by a cybersecurity firm

M&A Moves: BAE Systems’ acquisition adds unmanned underwater vehicle tech

SPONSORED

DC

This fast-growing SaaS company aims to be a force for change in the energy industry

Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now
DC

GIVE CAMPUS

Full Stack Engineer

Apply Now
DC

rooam

Sales Account Executive

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!