Burson-Marsteller
acquires Genesis Public Relations
Global public relations firm Burson-Marsteller
today announced the acquisition of Genesis,
India's leading public relations company.
Genesis is the sub-continent's most respected
public relations firm, with close to 200
employees, an extensive national network
of wholly-owned offices in New Delhi, Mumbai,
Kolkata, Bangalore, Hyderabad and Chennai,
and representations in Gujarat, Rajasthan,
Madhya Pradesh, Kerala, Tamil Nadu, Punjab
and Uttar Pradesh, reaching over 80 cities
across India.
"This is one of the most significant
milestones in the 53-year history of Burson-Marsteller,"
said Founding Chairman, Harold Burson. "Genesis
Public Relations is a world class company
with exceptional leadership. We are very
proud that they have agreed to become part
of Burson-Marsteller."
Having recently returned from a visit to
India, Mr. Burson added: "I was privileged
to experience first-hand a company of extraordinary
quality, with impressive intellectual and
geographic reach. I also have received many
compliments from Burson-Marsteller clients
who work with Genesis."
Filings have been made today with India's
Foreign Investment Promotion Board (FIPB)
for approval of the transaction. After completion
of the acquisition, the company will be
renamed Genesis Burson-Marsteller and will
be integrated within the Burson-Marsteller
Asia Pacific regional network. Genesis Burson-Marsteller
will be led by Genesis Public Relations
Principal and Founder, Prema Sagar, and
Chief Executive Officer, Ashwani Singla.
Both will also join Burson-Marsteller's
Asia Pacific Leadership Board.
"Burson-Marsteller is the global PR
firm by which others are measured. To be
a part of the best global public relations
company reflects the strong strategic fit
and shared values between Burson-Marsteller
and Genesis Public Relations," said
Ms. Sagar, whose stature and leadership
in the international public relations industry
has recently been recognized with her induction
into the International Communications Consultancy
Organization's (ICCO) Hall of Fame, one
of only 10 professionals worldwide to receive
the prestigious accolade. "This is
a momentous occasion made possible by countless
contributions from so many people who have
worked in the firm since its inception,"
she added.
Burson-Marsteller's Asia-Pacific President
and Chief Executive Officer, Bill Rylance,
said the acquisition further strengthens
the company's strong regional capabilities.
"Genesis is a clear leader in India
in terms of talent, thought leadership,
geographic reach and reputation." said
Mr. Rylance. "This is the coming together
of two exceptional companies in a market
that is globally-significant and critical
to our clients."
By number of employees, India and China
now represent Burson-Marsteller's second
and third largest markets worldwide. "However,
it is the quality of that talent more than
the quantity which really excites us,"
Rylance said. "The collective zeal
to learn and grow in India - as in all of
our vibrant Asia Pacific offices - is a
constant source of inspiration and innovation
for our company. It all points to a very
bright future."
Ashwani Singla, CEO, Genesis Public Relations
said "Clearly, our vision at Genesis
is to build a sustainable and a competitive
institution that expands the growth horizons
of the people in the firm and provides greater
opportunities to collaborate with professionals
all over the world."
Singla added, "We can now more than
ever leverage the global expertise, experience
and reach of Burson-Marsteller to further
enhance our 'One Team, One Experience' promise
of seamless network, deep insights, innovation
and quality, not only for all of our clients
in India, but also for those organizations
looking beyond our shores."
For the third time in five years, Burson-Marsteller's
Asia-Pacific team was named "Network
of the Year" at the 2005 annual Asia
Pacific PR Awards, the industry's top award
recognizing outstanding public relations
work across the region. The company was
also the top-ranked firm in Media Magazine's
2005 Asia Pacific Consultancy Report Card.
About Genesis/Burson-Marsteller
Genesis Public Relations (www.genesispr.com)
is India's most respected public relations
firm. Established in 1992, today it employees
close to 200 people and reaches over 80
cities across India. Genesis is known for
its insight-based strategies, innovative
execution and strong focus on measurement
of results. It is enriched with over 500
man-years of collective wisdom. A trailblazer
in the Indian public relations industry
having pioneered many best practices, it
is the first independent Indian public relations
company to receive the CMS certification
- the gold standard for quality adopted
by the ICCO. Prema Sagar, Principal and
Founder, is one of only ten individuals
in the world to be inducted in the ICCO
Hall of Fame in the year 2005.
Burson-Marsteller (www.burson-marsteller.com),
established in 1953, is a leading global
public relations and public affairs firm.
It provides clients with strategic thinking
and program execution across a full range
of public relations, public affairs, advertising,
and web-related services. The firm's seamless
worldwide network consists of 50 wholly
owned offices and 43 affiliate offices,
together operating in 57 countries across
six continents. Burson-Marsteller is a part
of Young & Rubicam Brands, a subsidiary
of WPP Group plc (NASDQ: WPPGY), one of
the world's leading communications services
networks. |