RXP who? Meet the low profile ASX company that bought ad agency The Works
Most in the industry would not have heard of ASX-listed technology company RXP until it snapped up creative agency The Works this week for a rumoured $25m earlier this week. But RXP is growing fast and is now on the media and marketing map, as Mumbrella’s Adam Thorn explains.
If we’re honest, RXP was relatively unknown in the media and marketing industry until it snapped up The Works for an as yet undisclosed fee.
But RXP is one to keep an eye on: the business has gobbled up 15 other companies since 2011 and has been posting stunning growth figures in recent years.
After a series of acquisitions based in the tech space and a turnover of $127m, the purchase of The Works shows RXP has wider ambitions as a holding group.
Here, Mumbrella answers the major questions.
so many acquisitions of small agencies.. all funded by debt.. looks like another Enero in the making!
Based on the quality of design and ux applied to the NSW Government Statistics website The Works are much needed.