Digital Media Stream Forecast Triple Growth With Luminate Acquisition
- Digital Media Stream is forecasting triple-digit growth in the 2019 /20 financial year following the acquisition, 70% from organic growth and 30% as a direct result of the acquisition.
- The acquisition has enabled the business to strengthen its delivery team as well as investing further in its growth plans to target more sales in the technology and professional services B2B sectors.
- The acquisition marks an exciting time for the agency following the earlier success of becoming a Platinum Hubspot Partner.
Digital Media Stream, a Manchester-based Digital Marketing Agency, has completed the acquisition of Luminate Digital, one of its competitors in the B2B Digital Marketing sector.
The acquisition combines the knowledge, expertise and resources of two award-winning digital marketing agencies in what promises to be an exciting new chapter for the digital space in Manchester.
On the announcement, Dave Watson, Co-Founder of Digital Media Stream, said:
"2019 has marked an exciting period of sustained growth for Digital Media Stream. With a series of new client wins and the acquisition of Luminate Digital, we’re looking forward to finishing the year strong and adding a few additional heads to the delivery team in the new year to help us achieve our aggressive growth plans.”
Under the Digital Media Stream brand, the team will continue to provide integrated B2B digital marketing services to help ambitious companies grow from their office in WeWork, St Peter's Square, Manchester.
Following the acquisition and new business wins, the Digital Media Stream brand will now operate as a Platinum HubSpot Agency Partner, improving the digital offering and providing greater value to customers.
Having accomplished the best quarter since the company started in 2011, Dave Watson, continued:
“Although it has been challenging bringing together two separate teams, we've taken the best bits from each organisation and are now seeing the benefits. From myself and the expert team now passionately behind the brand, we can’t wait for what the future holds.”
On Digital Media Stream’s being awarded Platinum HubSpot Agency Partner status, Keith Grehan, HubSpot Channel Account Manager said:
“I'm delighted to see Digital Media Stream achieve Platinum status. In the time I've worked with Dave, Simon, Lee and the team, what has stood out is their commitment to understanding their client's needs and a dedication to helping them achieve their goals. I'm looking forward to watching them continue their ascent towards Diamond status in 2020”