Google has sold its Performics search marketing business to the Publicis Groupe.
Chicago-based Performics has about 200 employees in Chicago, San Francisco, New York, London, Hamburg, Sydney, Singapore and Beijing. The business will report into Curt Hecht, president of Paris-based Publicis' VivaKi Nerve Center. Hecht is the former EVP Chief Digital Officer, GM Planworks, a unit of Starcom MediaVest Group (SMG)
"Publicis Groupe has been a leader in the advertising industry for decades, and we believe Performics' growing business will benefit from being part of it," said Google Chairman and Chief Executive Eric Schmidt in a statement. "We look forward to working with Performics as a partner."
The financial terms of the deal weren't disclosed.
The transaction is expected to close in the third quarter.
Know your Ambiguous Customer: Effective Multi-Channel Tracking
Wednesday, June 5 at 1pm ET - Learn why a move from the "batch and blast" email approach enables better conversations with your customers.
Register today - don't miss this free webinar!