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THE ZIMENT GROUP IS ACQUIRED BY WPP
Company Will Form Base of New Global Healthcare Research
Practice
NEW YORK, May 10, 2001 -The Ziment Group ("Ziment"),
one of the leading US based pharmaceutical research agencies,
has announced that it has been acquired by WPP on behalf
of WPP's Information and Consultancy group, Kantar.
Ziment will form the base of a new global healthcare practice
to further improve the service Kantar offers its pharmaceutical,
biotechnology and medical device clients. The acquisition
helps broaden WPP's services to this important sector.
WPP's current offerings to the sector include CommonHealth,
the world's largest pharmaceutical marketing and communications
business; Sudler & Hennessey in marketing and communications;
and Feinstein Kean in public relations.
"The idea today is to form true global partnerships
with our clients," said Howard Ziment, CEO of The
Ziment Group. "By combining Ziment's healthcare market
knowledge with Kantar's global research infrastructure
that spans across 80 offices in 56 countries, we will truly
be able to fulfil this promise.
"We are proud to join forces with WPP-they are the
most progressive of the large global marketing services
companies. The move will allow us to set-up operations
around the globe, serving our clients wherever they are
selling and marketing their products."
The Kantar Group is the largest custom research organization
in the world with well-known brands like Research International,
Millward Brown and Kantar Media Research. In 2000 Kantar's
revenues were just under $1 billion worldwide, with over
three-quarters of that revenue emanating from outside the
United States.
"Ziment is the kind of company that we look to drive
our global brands," said David Jenkins, CEO of Kantar. "We
believe that through Ziment, our healthcare research business
can mirror the success of sister companies like Common
Health, the largest healthcare advertising agency in the
world."
Founded in 1976 and headquartered in New York, Ziment
employs 350 full and part time staff in its five operating
units across 12 offices. All of the top management at the
company has signed on for long term contracts to continue
the company's mission in providing top quality products
and services to its healthcare clientele. The company works
with most of the largest multinational pharmaceutical and
biotechnology clients in the world.
Ziment focuses on 'fact based consulting', using strategic
marketing research to gather data and synthesize it into
information that helps clients make better business decisions.
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