Post-acquisition, the event and experiential agency will continue to be led by co-founder and CEO Brian Tellis. Tellis will report to Ashish Bhasin, Chairman and CEO of Dentsu Aegis Network South Asia
BestMediaInfo Bureau | Delhi | October 19, 2015
Dentsu Aegis Network today announced the acquisition of event and experiential agency Fountainhead Entertainment. Post-acquisition, Fountainhead will continue to be led by Co-founder and CEO Brian Tellis. The current management team will also continue as is. Tellis will report to Ashish Bhasin, Chairman and CEO, Dentsu Aegis Network South Asia.
It is envisaged that in 2016, the existing experiential offering of psLIVE, with 86 people in India, will be merged with Fountainhead, making the combined agency Indiaâs largest experiential and activation agency business.
Fountainhead will retain its identity and branding, working alongside the other specialist Dentsu Aegis Network brands locally: Carat, iProspect, Isobar, Posterscope, Vizeum, Amnet, Dentsu media, Dentsu branded agencies (Dentsu Creative Impact, Dentsu Marcom, Dentsu Communications, Taproot Dentsu, Dentsu Webchutney), WATConsult and Milestone Brandcom.
Founded in 1994 by Chairman Brian Tellis, Managing Director Neale Murray and Director Otis DâSouza and later joined by Co-Directors Pradeep Guha, VG Jairam and Owen Roncon, Fountainhead is headquartered in Mumbai and has offices in Delhi and Bangalore. The agency has more than 205 experiential specialists. This acquisition is said to be one of the largest in India within this sector.
The five brands within the growing business of Fountainhead are â Fountainhead Events, Oranjuice Entertainment, Fountainhead Activations, Fountainhead Corporate Journeys and Fountainhead Digital. Together, they deliver in excess of 350 events annually.
Nick Waters, CEO, Dentsu Aegis Network Asia Pacific, said, âFountainheadâs reputation in the event and activation market, and their extensive experience in both music and sports marketing, complements and strengthens our experiential offering in one of the regionâs most exciting markets. This move represents a further step in our continued investment programme in the Indian market.We welcome Brian and the wider team to the network.â
Ashish Bhasin, Chairman and CEO, Dentsu Aegis Network South Asia, commented, âAs the fastest growing network in India, we are continuing to expand our portfolio of diverse specialisations available to our growing client base. Fountainheadâs creative quality and reputation in the market make it the perfect addition to Dentsu Aegis Network India. Our unique âOne P&Lâ philosophy will help us bring their expertise to all Dentsu Aegis Network clients. This is another big step forward in helping us achieve our mission of being the second largest agency group by end 2017 in India, overturning for the first time the existing ranking, which has historically been in place for over 80 years in India.â
Brian Tellis, Co-founder and CEO, Fountainhead, added here, âOur vision is to deliver world class experiences to our stake holders. To set benchmarks in delivery through cutting-edge creativity, innovation, value pricing and practices and processes. We are thrilled to join Dentsu Aegis Network. The sheer dynamism of the group will open up opportunities for us. Our values are well aligned and the potentially combined entity of Fountainhead and psLIVE will become the most comprehensive experiential offering in India. We are very excited about this opportunity and the growth potential it offers. Fountainhead, a full service experiential agency, will now start to align with an enviable spectrum of brands through the Dentsu Aegis Network.â