Next Fifteen to hit trading expectations and brings in US venture capitalist

Next Fifteen Communications, the digital comms group, has said its full year trading figures will be in line with expectations as it targets US growth next year.

Next Fifteen: chairman Richard Eyre
Next Fifteen: chairman Richard Eyre

The group’s results for the year ended 31 July will be released in October, but the group has announced this morning it expects to meet market expectations.  

Next Fifteen has also announced that that Margit Wennmachers, a partner at Silicon Valley-based venture capital firm Andreessen Horowitz, is joining the board, as a non-executive director.

The appointment reflects the group’s strategy of further driving into the US digital space.

This morning’s statement read: ‘Next Fifteen is unique amongst its peers in the relative scale of its US business. In the year just completed over 50% of revenue was generated in the US.  

‘Going forward into the new financial year, we believe the Group should continue to benefit from the relative strength of the US technology sector however, we recognise the increased level of uncertainty created by the continuing and interconnected volatility in equity, sovereign debt and foreign exchange markets.’  

Next Fifteen has previously appointed Richard Eyre as chairman and Alicja Lesniak as a non-executive director after Will Whitehorn and Ian Taylor stepped down from the board.  

The company stated: ‘The new chairman and non-executive directors bring digital insight, a US perspective and valuable experience in operating and extending international agencies.’  

During the year the Group launched Beyond, its first pure digital agency following the acquisition of Type3. The Group also acquired three further digital agencies: One Xeno, ILS (which are now part of Bite) and Bourne.

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