Los Angeles, CA and Tokyo — November 29, 2010—MarketShare, a leading U.S.-based analytics company that is helping businesses grow more efficiently by quantifying and optimizing what is really driving demand, and Hakuhodo, one of Japan’s leading advertising agencies, announced a strategic partnership to offer marketing effectiveness solutions to clients in Japan and other key Asian markets.
“By partnering with MarketShare, we believe we’ll be able to provide a unique service that will allow us to deepen our relationships with existing clients as well as win new business with this differentiated offering,” said Masaki Mikami, Executive Officer, Hakuhodo. “MarketShare is the leader in providing transparency for businesses across their marketing and sales activities to dramatically improve business outcomes and we are pleased to leverage the analytics and software with our clients.”
Under the agreement, Hakuhodo will work with MarketShare to analyze and meaningfully improve its service of marketing spending optimization and ROI on behalf of Hakuhodo’s clients. Hakuhodo will tap into MarketShare’s patent-pending analytics software that help optimize the marketing allocation across offline marketing such as television, print, out-of-home, radio and other media; online marketing such as search, display, video, social media and mobile; and in-store marketing such as trade promotions, pricing promotions, new product launches and other activities.
”Japan has been a very important market for MarketShare, and our partnership with Hakuhodo will help us further expand there and establish a leadership position in the Asia Pacific region,” said Wes Nichols, co-founder and CEO, MarketShare. “We look forward to working with such a forward-looking agency to bring sophisticated marketing analytics capabilities to brands throughout Asia.”
Hakuhodo will now be able to more effectively conduct strategic planning for overall marketing activities for their clients, which includes understanding of the effectiveness of each marketing activity and forecast of sales and revenue of the brand by tapping into MarketShare’s software and methodologies. Combining Hakuhodo’s strategic planning and marketing capabilities with MarketShare’s advanced methodologies and models, will allow Hakuhodo to provide customized service and software to meet the needs of the companies in Japan and the Asia-Pacific region.