GroupM, Buddy Media Announce Global Partnership
SINGAPORE, May 22, 2012 - Buddy Media, the social enterprise software of choice for eight of the world’s top ten global advertisers, today announced that GroupM has selected the company’s BuyBuddy social ad product as its preferred social ad management partner.
GroupM will roll out Buddy Media’s BuyBuddy to all of its agencies, including Maxus, MEC, MediaCom, Mindshare, M80 and other business units. It will also begin training on how to maximize the benefits of Buddy Media’s unified social marketing software solution across paid, owned and earned media.
“After extensive evaluation of the marketplace, GroupM is excited to deploy Buddy Media’s social ad software to all of our agencies,” said Rob Norman, CEO, GroupM Interaction Worldwide. “Social media success is of critical importance to our clients, and Buddy Media is the provenself-serve solution in market that has a focus on empowering agencies and being a true partner.We will continue to work with other partners but believe this consolidation will offer our clients and teams the opportunity to develop consistent high performance in a rapidly developing market.”
“We are proud that GroupM has chosen Buddy Media as its preferred social ad partner,” said Michael Lazerow, CEO and Founder, Buddy Media. “Our self-serve social ad buying technology will make it easy for any GroupM agency to effectively scale and measure social spend for their clients.”
GroupM invested$200 million in Facebook advertising in 2011. Social network ad revenues will grow to nearly $10 billion in 2013, up from to $5.54 billion in 2011, according to eMarketer.