APCO expands creative resources with majority-stake investment
StrawberryFrog advances international growth goals
Washington, D.C. (February 16, 2012) – Award-winning global communication consultancy APCO Worldwide has acquired a majority interest in movement-marketing agency StrawberryFrog, APCO Founder and CEO Margery Kraus announced today. The investment will pair APCO’s international stakeholder-engagement and business-strategy expertise with StrawberryFrog’s skill in creating innovative cultural movements, accelerating a shared vision to provide communication counsel and execution to some of the world’s most iconic brands.
“Clients understand that persuasion today requires finding points of shared interest and then launching campaigns that connect emotionally, whether they are marketing products, enhancing reputation or advocating on issues,” said Kraus. “StrawberryFrog’s focus on movements is incredibly relevant for clients today and in the future, and it aligns perfectly with APCO’s approach to stakeholder engagement. We believe this partnership is a breakthrough idea, and we are thrilled to have found a talented team with impressive leadership, a legacy of strategic and creative excellence, high-caliber
clients and a wonderful business trajectory.”
“We have an ambition to be more active on the global stage and doing it differently than other agency networks,” said Scott Goodson, StrawberryFrog chairman and co-founder. “We’ve had many suitors over the years, but we found in APCO an incredible meeting of minds and vision. APCO’s independent spirit and global pedigree is a strong cultural and strategic fit with StrawberryFrog. We know this will offer an opportunity to further power our philosophy of cultural movements as we move forward.”
Launched in 1999, StrawberryFrog will maintain its own culture, brand, creative independence and management, including Goodson, Chief Creative Officer Kevin McKeon and Co-Founder Karin Drakenberg, who lead a team well-known for conceiving innovative campaigns for many of the world’s strongest brands.
“The StrawberryFrog difference has always been our culture and unique ‘challenger’ mindset – our little red frog symbolizes our efforts to challenge the dinosaurs of our industry,” said Goodson. “We believe creativity and a commitment to movement marketing is what enables companies to outperform competitors and redefine their categories. We are taking the leap with APCO because they fundamentally understand and respect our philosophy and are dedicated to helping our culture thrive globally.”
Leveraging APCO’s international client portfolio and network, the company plans to use this investment as a springboard to strengthen and expand its global presence. APCO and StrawberryFrog will each continue to serve their own clients while looking to collaborate in new ways that bring next-generation thinking to their diverse client portfolios. Along with its core creative and digital businesses StudioAPCO® and APCO Online®, APCO will bring to bear its proprietary research models and presence in 32 global markets.
Said Kraus: “The world is changing, and so are the needs of clients. Stakeholders are interacting with brands in new and complex ways, wielding real power and measurable influence while significantly raising expectations for companies. Throughout APCO’s 28-year history, we’ve worked to understand the relationships between people, companies and society. Just as we’ve built a leading reputation for helping clients create lasting engagement with diverse stakeholder audiences, StrawberryFrog has developed a proven, innovative movement-marketing approach, which has become an emerging new trend in marketing in the United States and around the world. Together, we can deliver remarkable results.”
StrawberryFrog is known for its global brand-building work for Heineken. Last December, TIME magazine selected StrawberryFrog’s Jim Beam “Bold Choices” advertising as one of the top 10 TV ads of 2011. Other recent award-winning efforts include innovative digital work for Pampers, iPad/iPhone apps for P&G’s “Hello Baby” and acclaimed work for Sabra, Mahindra of India, and The-Girl-Store.org for Nanhi Kali.
For more information, please visit LeaptoWhatsNext.com
For further information please contact
Elizabeth Wolf | APCO Worldwide
202.778.1470 | email@example.com
StrawberryFrog, the world’s first cultural-movement agency, is an independent advertising firm. Launched in 1999, the agency has created award-winning work for Emirates, BlackBerry, Frito-Lay, Google, Pampers, PepsiCo, Heineken, Microsoft, Mitsubishi, Morgan Stanley and Onitsuka Tiger. More information is available
at www.strawberryfrog.com www.facebook.com/strawberryfrog
About APCO Worldwide
Founded in 1984, APCO Worldwide is an award-winning, independently owned
global communication, stakeholder-engagement and business-strategy firm with
offices in major cities throughout the Americas, Europe, the Middle East, Africa and
Asia. APCO clients include corporations and governments; industry associations
and nonprofit organizations; and six of the top 10 companies on the Fortune 500.
The firm is a majority women-owned business. For more information, please visit