CNM Short Takes
News | 05/04/2000 4:00 am EDT
Mosaic Group bolsters digital marketing arm
Toronto-based Mosaic Group Inc, an outsourced marketing services agency, has bought a majority equity stake in fellow Toronto group Medium One Productions Inc. Mosaic execs say the 52 per cent buy-in to the company, with 45 Toronto- and Montreal-based staffers, will allow Mosaic to expand its electronic marketing efforts for its clients. Medium One builds interactive marketing materials for a client list that includes the Royal Bank of Canada, Chapters, Classwave Wireless, Cincinnati Bell and Canada Life. The Medium One acquisition is expected to add over $4 million in revenue to Mosaic's $60 million top line.