Online agency I-COM 'actively seeking acquisition targets'

Manchester online marketing agency I-COM says it is on the acquisition trail after revealing that its current financial year will be its most successful to date.

Looking for agencies: I-COM

It claims PR, traditional marketing and design agencies are on its radar.

In the nine months to December 2011, I-COM reported managing client budgets of nearly £1.7m, an increase of 15 per cent on the same period in 2010.

By the financial year end its current forecasts are that total annual client spend will have reached £2.3m.

In a statement the agency said it is "now actively seeking acquisition targets" as it looks to further increase its growth.

Operations director Mike Blackburn said: "The business is committed to growth, seeing opportunity for strong players in what is a fragmented market.

"And the financial performance of the business is now allowing us to consider inorganic options."

Established in 2005, I-Com employs 34 staff and works with clients including JMW Solicitors, Magnus Properties, Dandara, Barneys, William James and Advance Recruitment.