On March 20, 2005, THK completed the acquisition of Smart Interactive Ltd.
biz.yahoo.com
CGI Holding Corporation's WebSourced Subsidiary Acquires Smart Interactive
Thursday March 24, 8:45 am ET
Mike Grehan to Lead UK Search Engine Marketing Initiative
Internationally Renowned Search Engine Marketing Expert, Mike Grehan, Will Spearhead WebSourced's Expansion Into Great Britain and Europe
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--March 24, 2005-- WebSourced, Inc., a leader in search engine marketing (www.websourced.com) and a wholly owned subsidiary of CGI Holding Corporation (AMEX:THK - News; "Company"), today announced that the Company has acquired the assets of Smart Interactive Ltd. ("Smart Interactive"), a leading provider of search engine marketing services to companies throughout Great Britain and Europe (see www.smart-interactive.co.uk). The terms of the transaction were not disclosed.
Based in Newcastle, England, Smart Interactive is led by world-renowned search engine expert, Mike Grehan. He is the author of the best-selling book "Search Engine Marketing" and one of Europe's most recognized and sought-after search engine marketing speakers. Grehan was also recently named one of the UK Internet industry's Top 100 most influential people for the past decade by more than 22,000 members of London-based e-Consultancy. Grehan has more than a decade of experience in the search engine industry and has worked with dozens of FTSE 100 companies and Fortune 500 corporations.
WebSourced is the world's largest search engine marketing company. The Company provides clients with organic search engine optimization, paid inclusion and pay-per-click advertising services. WebSourced also helps companies secure a well-rounded online marketing presence that will generate new business. The Company's roster of 1,400 plus clients includes such market leaders as Lowe's Home Improvement, NBC, Black & Decker, DeWALT and CitiFinancial.
The acquisition of Smart Interactive will position WebSourced with a full-time, fully staffed UK office. This will set the stage for the Company to expand services in Great Britain and throughout the rest of Europe.
"WebSourced is the world's largest search engine marketing company. They approached me with an attractive offer and demonstrated a genuine commitment to emulating the huge success they've had elsewhere, here in the UK and Europe," said Grehan. "Having met the management and staff at WebSourced's headquarters in North Carolina, I was very impressed with the operation. The use of superior proprietary technology at the back end and the professional human touch at the customer end simply endorses the reasons why they have become market leaders."
Pat Martin, CEO and President of WebSourced, stated, "Smart Interactive, led by Mike Grehan, is one of the most recognized and trusted names in the UK search marketing industry. With Forrester Research predicting the European search marketing industry to grow by 65 percent in 2005 and reach EUR 3 billion by 2010, this is an important acquisition for WebSourced and one that will allow us to quickly expand our European client base." Martin continued, "No other search marketing company in the world can boast a line-up of experts such as Mike Grehan, Andy Beal, Heather Lloyd-Martin, Jason Dowdell and Garrett French."
Added Andy Beal, vice president of marketing for WebSourced, "Mike Grehan is without doubt one of the top search engine experts in the world. His experience, knowledge and excellent reputation among Europe's largest companies, will allow us to become the first U.S. search marketing company to successfully expand into Great Britain and Europe."
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