Mirum has agreed to acquire 3Ti Solutions Inc (3Ti) in China. 3Ti will be rebranded as Mirum in China, following completion of the acquisition.
3Ti caters to Chinese businesses both locally and abroad with such clients as China CITIC Bank, Bank of Communications, Mastercard, UnionPay, China Eastern, Ctrip, Geely, Michelin China, IKEA, OPPO Electronics Corporation, BenQ Corporation, Shiseido and Fosun in its roster.
3Ti’s unaudited revenues for the year ending December 2016 were RMB 66.8 million, with unaudited total assets of RMB 40.3 million in the same date.
Established in 2005, the company’s services span digital business strategy consulting, product design and development, software and mobile app development. 3Ti provides Internet+ and IoT solutions, and has designed and developed smart wearables, smart office, smart health and smart finance products for leading clients. 3Ti currently employs around 100 staff in three offices in Shanghai, Shenzhen and Xi‘an.
The acquisition of 3Ti will expand Mirum’s service offering into China with an additional R&D capability aimed at developing proprietary programmes. Collectively, WPP companies (including associates) in Greater China generate revenues of $1.6Bn and employ 14,000 people.
Image over the headline.- © Mirum.
