Mark Sweney 

WPP buys up US digital agency

Sir Martin Sorrell's WPP has acquired Schematic, the US digital agency behind the redesign of ITV.com. By Mark Sweney.
  
  


Sir Martin Sorrell's WPP has acquired Schematic, the US digital agency hired by ITV to design its video-on-demand website and media player.

Schematic has developed strong credentials in developing digital projects for media and entertainment clients including ABC, MTV, CNN, Comcast, Time Warner and Turner.

The eight-year-old, Los Angeles-based company was hired by ITV last October to lead the £20m redesign of ITV.com and the all-important development of its ad-funded media player.

Schematic's revenues for the year ended March 31 2007 were $29.6m (£14.78m), with gross assets of $8m (£3.94m).

Besides its head quarters in Los Angeles, Schematic has offices in New York, Boston, Atlanta and San Jose, Costa Rica and employs 255 people.

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