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Kadence Continues International Growth
Privately-owned MR agency Kadence International has reported a 37% year-on-year increase in its global revenues to $US 17.5 million for the year ending June 2011, from $12.8m in 2010.
The growth was led by the firm's US, Indonesian and Indian operations, all of which achieved revenue growth of 55% or more. In the US, insight revenues doubled following the relocation of UK CEO Kieron Mathews to the region last summer, while Indonesian CEO Vivek Thomas has secured a series of significant account wins and trebled the size of his team. In India, the company recently opened fifty-five new regional offices, but these were only operational for the last month of the financial year. Kadence India expects to increase its revenue by 200% during 2011/2012, the firm said.
Global Chairman Simon Everard said the year had been another momentous one for the company and noted with particular pleasure the positive impact of the relocation of key staff like Mathews. He added: 'Alongside our growing business is a growing team which is dedicated, passionate and able to work across the global network. We look forward to investing in the continued development of our offering, our team and expanding in the markets that we serve.'
Kadence, which has a strong component of b2b research in its offering, is based in the UK and also has offices in Malaysia, Singapore and China. Founded in 1992, the company is online at www.kadence.com .
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