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Stock impact report

Alloy Receives Significant Investment from Purpose Group to Accelerate Growth Strategy [Yahoo! Finance]

PUBLICIS GROUP SA S/ADR (PUBGY) 
Company Research Source: Yahoo! Finance
Atlanta, Ga, April 08, 2024 (GLOBE NEWSWIRE) -- Alloy , the premier agency specializing in precision storytelling and experiences for imaginative technology brands, today announced that it has received a significant investment from Purpose Group , a private fund with the goal of investing in and acquiring purpose-driven services businesses. Both Atlanta-based, Alloy is Purpose Group's second portfolio company. “The investment from Purpose Group is more than just growth capital,” said Alloy CEO Raj Choudhury. “Because the fund's investors include luminaries such as Pardot and Atlanta Ventures founder David Cummings and Salesloft co-founders Kyle Porter and Rob Forman, this new partnership also expands our agency's resource network.” Recently named one of Atlanta's top 25 advertising and marketing agencies, Alloy is coming off a record 2023 in which the firm grew 103% YoY and acquired creative and technical agency Narwhal Digital. Purpose Group's investment in Alloy will go directl Show less Read more
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