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24 Seven acquires Filter from dentsu to expand its innovative managed services

Apr 10, 2024•over 1 year ago

Acquiring Company

24 Seven

Acquired Company

Filter

New YorkSeattleDigital MarketingMarketingAdvertisingConsultingCreative Agency

Description

24 Seven, one of the nation's largest privately held marketing, creative, and tech talent solutions firms, has announced the acquisition of Seattle-based Filter, a dentsu company. This acquisition will enable 24 Seven to expand its innovative managed services, providing embedded teams, on-site agencies, consulting, and fully outsourced solutions to clients, enhancing its scale and capabilities.

Company Information

Company

24 Seven

Location

New York, New York, United States

About

THE 24 SEVEN FAMILY OF BRANDS 24 Seven is a specialized recruitment agency that builds future-proof teams of top full-time and freelance talent for leading brands and agencies in the marketing, digital, creative, and technology sectors. 24 Seven further supports its clients through its family of specialized subsidiaries. The Sage Group provides mid to senior-level marketing and creative consultants and permanent talent to leading global brands. Marketers That Matter®, is the leading community of top executives coming together to share marketing innovation and insights. Simplicity Consulting offers marketing project & program management and strategic communications consultants. The Cydio Group is a specialized IT staffing firm that provides innovative, first-hand knowledge of the information technology space. The team is uniquely positioned to connect top-tier IT professionals with notable organizations.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed