Ascential PLC Acquisition of OneSpace (4840L)

TIDMASCL

RNS Number : 4840L

Ascential PLC

13 September 2021

13 September 2021

Ascential plc

Acquisition of OneSpace extends eCommerce content optimisation capabilities

Ascential plc (LSE: ASCL.L), the specialist information, analytics and eCommerce optimisation company, has acquired 100% of OneSpace, a content optimisation business serving brands trading on eCommerce marketplaces.

Underpinned by its SaaS model, OneSpace manages product specific content catalogues, enables the creation of original material and customizes content in order to drive higher sales across multiple products and marketplaces. It serves, on a subscription basis, over 60 CPG customers in the US market. OneSpace, based outside St. Louis, employs 96 staff, led by Stephanie Leffler who founded the business in 2011.

Duncan Painter, CEO of Ascential, commented:

"OneSpace's expertise in content management, optimisation and distribution complements the leading execution capabilities we already possess within Digital Commerce. In particular, its content optimisation product set provides clear cross-selling opportunities for our Edge and Flywheel businesses, while the global reach of our Digital Commerce business overall offers a route to further accelerate OneSpace's growth."

Contacts

 
 Ascential plc 
 Duncan Painter            Chief Executive Officer        [phone] 
                          -----------------------------  -------------------- 
 Mandy Gradden             Chief Financial Officer 
                          -----------------------------  -------------------- 
 Rory Elliott              Investor Relations Director 
                          -----------------------------  -------------------- 
 
 Media enquiries 
                          -----------------------------  -------------------- 
 Edward Bridges, Matt 
  Dixon, Jamie Ricketts    FTI Consulting LLP             [phone] 
                          -----------------------------  -------------------- 
 

About Ascential

Ascential delivers specialist information, analytics and eCommerce optimisation platforms to the world's leading consumer brands and their ecosystems. Our world-class businesses improve performance and solve problems for our customers by delivering immediately actionable information combined with visionary longer-term thinking across Digital Commerce, Product Design and Marketing. We also serve customers across Retail & Financial Services.

With more than 2,000 employees across five continents, we combine local expertise with a global footprint for clients in over 120 countries. Ascential is listed on the London Stock Exchange.

About One Space

OneSpace is a leading digital shelf optimization company based in Swansea, Illinois. They provide a suite of tools and services to help CPG brands win top position on the digital shelf by increasing organic search visibility and conversions across multiple online retailers.

https://www.onespace.com/about/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQBIGDCGGBDGBD

(END) Dow Jones Newswires

September 13, 2021 02:00 ET (06:00 GMT)