MAM
Group M, Tagit enter into strategic alliance
MUMBAI: Following the recent announcement on mobile solutions company Tagit’s launch of its imaging technology exclusively with Nokia camera-phones in the Indian market, comes the agreement between Group M and Tagit to form a strategic alliance.
The alliance will provide Tagit a foothold in the exploding Indian market, where advertising revenues are growing at over 20 per cent per annum. For Group M, it signals a commitment to introduce Tagit’s interactive platform for direct marketing on mobile phones to brands in India.
With innovative mobile technologies becoming the focal point for creative concepts as part of integrated marketing solution for brands, Group M and Tagit aim to tap into the potential mobile marketing offers.
Tagit’s unique technology enables mobile phone users to interact with brands in any media channel. By simply “tagging” a brand’s advertisement with digitized 2D bar codes in newspapers, TV or billboards, Tagit will enable anyone to pull any content onto a multi-media phone, states an official release.
Ashutosh Srivastava, CEO of Group M South Asia, said, “This strategic alliance adds an exciting dimension to our group agencies’ ability to offer their clients innovative mobile solutions. This will greatly enhance the effectiveness of direct marketing to consumer brands, especially the ones focused on the youth market.”
Said Shankar Narayanan, founder and president of Singapore-headquartered Tagit, “The mobile phone has evolved into a dynamic infotainment machine in the hands of consumers and Tagit’s proprietary technology is the perfect answer for today’s highly demanding consumers who expect instant gratification anytime, anywhere.”
Whilst Tagit’s primary role is to provide technology implementation and technical support, GroupM’s agencies will actively promote the concept to brand owners to adopt mobile marketing as part of their integrated marketing campaign.
The first such brand campaign using Tagit is slated to be launched soon. A multi-pronged strategy involving leading names in mobile service and media will herald the kick-start of this exciting new technology, the two companies have said.
Brands
LTM secures $100M deal to power european MedTech’s hearing innovations
Seven-year partnership blends tech, apps, and regulatory smarts for sound solutions
MUMBAI: LTM, the business creativity partner to global enterprises, has landed a blockbuster $100 million deal with a leading European MedTech firm specialising in cutting-edge hearing solutions.
Over the next seven years, LTM will bring its innovation engine, iNXT, into play. This cross-industry platform helps companies navigate the merging worlds of physical and digital, and for the MedTech client, it promises a seamless tech makeover.
LTM’s role will cover the MedTech’s main hearing instrument brands and private labels, including wearable devices, the fitting application used by hearing care professionals, and the mobile app that lets users control their devices. Beyond development, LTM will guide the firm through complex compliance and regulatory frameworks, ensuring every beep, buzz, and click meets strict European standards.
With this deal, LTM is not just tuning into the MedTech sector, t’s setting the volume on innovation and tech-savvy support for the years ahead.
