Pinstorm Looks To Raise Money To Fund Global Acquisitions;
While advertising bigwigs like Euro RSCG and Publicis are scouting for digital acquisitions in India, search marketing company Pinstorm intends to raise money to fund international acquisitions. These acquisitions, says Pinstorm founder and CEO Mahesh Murthy in an email interview with ContentSutra, will allow the company to expand its offerings in North America, Western Europe, Australia, Japan, Korea. India, however, remains key for Pinstorm, which had revenues of $3 million in 2006-07:
Q. What is the purpose of the acquisitons that you’re considering?
Pinstorm plans to be among the leading digital marketing companies in the world. In less than 4 years, we have grown to 6 offices in 5 countries organically – in fact, we
If Google is touching the stratosphere, then Pinstorm should not be far behind. They are in the same space, and Mahesh's business plan is smartly crafted enough to use the Google's ad revenues for leverage in his organic build-up. Given Google's growing markets, in terms of verticals and in terms of geographies, it only opens the business up for Mahesh even more.
A very interesting read, thank you