PORTLAND, OR: Fleishman-Hillard continued its torrid acquisition pace last week, snapping up highly regarded Northwest tech shop KVO Public Relations.
PORTLAND, OR: Fleishman-Hillard continued its torrid acquisition
pace last week, snapping up highly regarded Northwest tech shop KVO
Adding KVO, whose 1999 revenues of dollars 7.6 million came mostly from
hi-tech clients, will likely boost Fleishman’s hi-tech revenue over the
milestone dollars 100 million figure this year, according to Fleishman
chairman John Graham.
The deal clearly makes sense for both parties. KVO fills a geographic
hole for Fleishman in the Northwest while also giving it added West
Coast firepower. ’It fits right in with our technology strategy,’ Graham
said. KVO maintains a Silicon Valley office and boasts 70 staffers.
In turn, the 17-year-old KVO gains access to Fleishman’s financial
communications, investor relations and public affairs expertise. KVO
co-founder and president Sharon VanSickle, who said negotiations lasted
for more than a year, becomes a member of the board of Technology
Consulting Worldwide (TCW), a unit formed in January that houses
Fleishman hi-tech properties Lois Paul & Partners (Cambridge, MA), High
Road Communications (Toronto) and UpStart Communications (San
Fleishman’s buying binge is likely far from over. ’International is
probably going to be next for us,’ Graham said, hinting that he would
like to nab a UK-based hi-tech firm. ’That’s a major focus for us.’