Company Emerges as LiveRamp – Will Trade as
RAMP on NYSE
LiveRamp Leadership Team Named
Acxiom® (Nasdaq: ACXM), the data foundation for the world's
best marketers, today announced that it has successfully completed
the sale of its Acxiom Marketing Solutions (AMS) business to The
Interpublic Group of Companies, Inc. (IPG) for $2.3 billion.
“LiveRamp is a category creator. Our industry-leading platform
is changing the world for our customers and their consumers,” said
CEO Scott Howe. “As an independent company, LiveRamp will focus on
its vision of creating a world where connected data makes every
experience exceptional.”
The Company also announced that it has transferred the Acxiom
brand to IPG and changed its name to LiveRamp Holdings, Inc. as of
today’s market close. Beginning tomorrow, October 2, 2018, its
common stock will trade under the ticker symbol “RAMP” on the New
York Stock Exchange.
“LiveRamp is a best-in-class SaaS company with a terrific
business model. We’ve demonstrated strong top-line growth, product
expansion and an ability to significantly improve margins. The
Company will also have an exceptional balance sheet,” said CFO
Warren Jenson. “We enter the next phase of our journey in a
position of strength and with a focus on delivering even greater
value to our customers and shareholders.”
LiveRamp is headquartered in San Francisco, California, with
approximately 750 employees world-wide.
The next few quarters will be a transition period for the
Company. Legacy compensation plans and benefits programs will be
terminated or modified to better reflect LiveRamp’s needs and
competitive environment. In addition, several transitional service
arrangements will be in place with IPG.
Morgan Stanley served as lead financial advisor to the Company
with respect to corporate matters including separation alternatives
related to AMS. Evercore and Morgan Stanley served as financial
advisors on the AMS transaction, and Wilson Sonsini Goodrich &
Rosati served as legal counsel.
Leadership
LiveRamp enters its next phase of growth with a strong and
experienced leadership team. The Company’s bench is deep and brings
considerable experience from both large and small technology
companies. LiveRamp’s leadership:
Chief Executive Officer Scott Howe
President, Chief Financial Officer
andExecutive Managing Director of International
Warren Jenson President and Chief Commercial Officer James
Arra President and Head of Products and Platforms Anneka
Gupta Chief Ethics and Legal Officer Jerry Jones
Chief Data Ethics Officer and Head of Public Policy Sheila
Colclasure Head of People and Culture Brandon Sammut
Head of Communications and Investor Relations Lauren Dillard
Upcoming Events
LiveRamp will host its first ever Analyst and Investor Day on
Monday, October 29, 2018 at the New York Stock Exchange in New York
City.
Space for the event is limited and, therefore, advance
registration is required. Analysts and institutional investors
interested in attending are encouraged to contact LiveRamp
Investors Relations at Investor.Relations@LiveRamp.com.
About Acxiom
Acxiom provides the data foundation for the world’s best
marketers. We enable people-based marketing everywhere through a
simple, open approach to connecting systems and data that drives
seamless customer experiences and higher ROI. A leader in identity
and ethical data use for nearly 50 years, Acxiom helps thousands of
clients and partners around the globe work together to create a
world where all marketing is relevant. Acxiom is a registered
trademark of Acxiom LLC. For more information, visit
Acxiom.com.
About LiveRamp
LiveRamp provides the identity platform leveraged by brands and
their partners to deliver innovative products and exceptional
experiences. LiveRamp IdentityLink connects people, data, and
devices across the digital and physical world, powering the
people-based marketing revolution and allowing consumers to safely
connect with the brands and products they love. For more
information, visit www.LiveRamp.com.
Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events, including the timing of the proposed transaction and other
information related to the proposed transaction. In some cases, you
can identify forward-looking statements because they contain words
such as "may," "will," "should," "expects," "plans," "anticipates,"
"could," "intends," "target," "projects," "contemplates,"
"believes," "estimates," "predicts," "potential" or "continue" or
the negative of these words or other similar terms or expressions
that concern the proposed transaction and our expectations,
strategy, plans or intentions regarding it. Forward-looking
statements in this communication include, but are not limited to,
(i) our expectations regarding the timing, completion and expected
benefits of the proposed transaction, (ii) our plans, objectives
and intentions with respect to our future operations, our customers
and our market, and (iii) the expected impact of the proposed
transaction on our business. Our expectations and beliefs regarding
these matters may not materialize, and actual results in future
periods are subject to risks and uncertainties that could cause
actual results to differ materially from those projected. These
risks include the risk that the transaction may have unintended
consequences on our business relationships, results of operations
and business generally; risks that the proposed transaction
disrupts current plans and operations; and general market,
political, economic and business conditions. The forward-looking
statements contained in this communication are also subject to
other risks and uncertainties, including those more fully described
in our filings with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the period ended March
31, 2018. The forward-looking statements in this communication are
based on information available to Acxiom as of the date hereof.
We undertake no obligation to update the information contained
in this press release or any other forward-looking statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20181001005983/en/
LiveRamp Investor RelationsLauren Dillard,
650-372-2242Investor.Relations@LiveRamp.comGACXM
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