Aegis acquires minority shareholding in TigerSpike

Aegis Group has acquired a minority shareholding in TigerSpike, a mobile technology solutions provider, for a total of US $11 million.

TigerSpike is a personal media multi platform technology solutions business (i.e. mobile, tablet, kindle-book readers, smart TV etc). It also owns Phoenix, a cloud-based software service delivery platform, which enables clients to deploy content and services across a range of personal media devices.

TigerSpike’s clients include The Daily Telegraph, The Economist, AutoTrader, Diageo, Pepsi, Tetrapak and Woolworths.

Jerry Buhlmann, chief executive of Aegis Group plc said: “Aegis’s corporate investment strategy remains focused on innovation and our investment in TigerSpike is consistent with this strategy. TigerSpike’s technology platform is ideally suited to optimizing the creation and delivery of highly sophisticated content to a range of mobile media devices. Our investment in TigerSpike will therefore support us in offering clients truly convergent solutions.”

Luke Janssen, founder and CEO of TigerSpike added: “Our partnership with Aegis Media will enable us to remain at the forefront of the growth opportunities in our market. Aegis’s global reach and leadership position in helping brands communicate with consumers will enable us to accelerate our rapid growth and offer a range of solutions to our customers going forward.”

TigerSpike’s gross assets as at 31 March 2011 were $3.6 million.