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Fuse8 founders buy back company
THE founders of Fuse8 have bought the digital marketing group back from its parent company.
Mark Walton and Andy Hutchison bought Leeds-based Fuse8 Group Ltd from its parent company Fuse8 plc, for an undisclosed sum.
The pair founded Fuse8 in 2000, and have grown it into a firm employing people with offices in Leeds, London and Russia.
Mr Hutchinson said: “We are pleased to announce this purchase and believe it will, in the long term, be great news for the staff and clients of the agency.
“Under our ownership we will be able to commit the investment required to develop the business into one of the leading UK digital agencies.
“As far as staff, clients, suppliers and partners are involved then nothing changes. They will see seamless continuation in all aspects of the business with only the ownership changing hands.”
It de-listed from the Alternative Investment Market in November after about 16 months on the junior stock market.
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Thursday 23 February 2012
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