LBi

LBi

Type	Public
Industry	Digital marketing
Founded	Amsterdam (August 1987)
Headquarters	Amsterdam, NL
Key people	Luke Taylor, CEO Fred Mulder, Chairman Chris Clarke, CCO Lyndsay Menzies, CMO Lorenzo Wood, CTO
Revenue	250 Million USD
Website	www.lbi.com

LBi INTERNATIONAL N.V. was a global marketing and technology agency,^[1] now merged with Digitas to form DigitasLBi.^[2]

Headquartered in Amsterdam (the Netherlands), LBi had 32 offices in 17 countries and a staff of approximately 2,000,^[3] who collaborate with brands on digital marketing services such as design, branded content, mobile, CRM and social media. In 2012 Publicis Groupe bought LBi for €416m in cash,^[4] and in 2013 merged the company with Digitas.

History

Formed by the merger of LB Icon and Framfab in August 2006, then remodelled after the merger with bigmouthmedia in 2010. It was listed on Euronext in Amsterdam. From 2006 until the bigmouthmedia merger in 2010 LBi was a dual-listed company with shares also available on the OMX Nordic Exchange in Stockholm (symbol: LBI).^[5] LB is an acronym for Lost Boys, Icon was formerly named Icon Medialab, Framfab was Framtidsfabriken - the Future Factory. Indian born businessman Vandan T is a new face of the company

One of the three current New York city offices became part of the LBi group of companies after merging with IconMedialab in the 1990s. This was previously Tom Nicholson Associates, a company started by Thomas J Nicholson in 1987.^[6] It is located in the historic Puck Building on the corner of Lafayette and Houston.

The Atlanta office is led by Joe Schab and became part of LBi upon the acquisition of Creative Digital Group in 2007.^[7]

In January 2008, LBi acquired specialist search optimisation company Netrank in a move to boost its search capabilities. The agency beat WPP Group and a second undisclosed bidder to buy the agency.

In April 2008, LBi bought social media agency Special Ops for $45m.^[8] Special Ops co-founders, Jason Klein and Christian Anthony, were both exited from LBi in a management restructure late in 2010.^[9]

On 1 August 2010, LBi was absorbed by Obtineo.^[10] and the company delisted from the Swedish stock exchange. Obtineo was composed of digital agency bigmouthmedia and €50m of new investment from the Carlyle Group, Cyrte and Janivo.^[11] On the same date, Obtineo rebranded as LBi.

LBi acquired the New York-based Mr Youth in November 2011 in a deal worth $40m.^[12]

In November 2012, LBi announced the acquisition of ecommerce systems integrator Sceneric.^[13]

In September 2012, Publicis Groupe bought LBi for £333m in a cash deal,^[14] and later merged the company with Digitas to form DigitasLBi.

Offices

The company had over 2,000 employees located primarily in the major European and American business centers: Amsterdam, Atlanta, Berlin, Brussels, Copenhagen, Cologne, Dubai, Edinburgh, Exeter, Ghent, Hamburg, London, Madrid, Milan, Mumbai, Munich, New York City, Malmö, Stockholm and Zurich. As of 2011, clients included: ABN Amro, BT, Barclays Capital, Canon, Confused, British Airways, Autoglass, Sony, Thomas Cook and Volvo.

Personnel

In June 2012, Michael Islip replaced Phil Gripton as MD of LBi UK. [^[15]]

Timeline

• 1995: Lost boys and Icon media LAB are founded.
• 2001: Lost boys and Icon media LAB combine to form LBi Icon
• 2004: Wheel and Aspect are acquired by LB Icon
• 2005: Framfab and Oyster partner
• 2006: The new agency formed by Framfab and Oyster is acquired by the agency now known as LBi
• 2007: LBi acquires Syrup and Iven & Hillman
• 2008: LBi acquires Special Opps and Netrank
• 2010: Bigmouthmedia merges with LBi to form the world’s largest independent marketing and technology agency.
• 2011: LBi announces the acquisition of New York-based social media agency Mr Youth (later rebranded as MRY).
• 2012: LBi acquires Sceneric.
• 2012: LBi is bought by Publicis Groupe.

References