Cannes Lions owner Ascential acquires e-commerce company Clavis Insight

UK based B2B company Ascential, which runs Advertising Events such as Cannes Lions, Spikes Asia and Eurobest, has acquired e-commerce data company Clavis Insight to strengthen its presence globally.

As part of the acquisition, Clavis Insight will be part of US based Ascential's information service division One Click Retail. The integration will aim to create opportunities to provide customers with e-commerce insights and analytics solutions across online retailer sites worldwide.

Garry Moroney, founder and CEO of Clavis Insight said: "We look forward to joining Ascential and integrating with One Click Retail to deliver the gold standard in e-commerce action-ready insights and performance measurement for product manufacturers. Working with tier one brands around the world, Clavis has grown into a global leader and I am confident that combining the expertise of One Click Retail, and Ascential's other leading products, will further extend our comprehensive solutions and value proposition for this industry."

Duncan Painter, CEO of Ascential plc, added:: "We are delighted to welcome Clavis Insight and the team to Ascential. By combining the Clavis and One Click Retail product offerings, we are creating a leading e-commerce insights platform globally, with products and services, which are at the forefront of the industry. Clavis and One Click Retail are both high-growth, globally scalable businesses and we look forward to creating a new, accurate, comprehensive and actionable product, which is greater than the sum of its parts. We are very much looking forward to being able to further support our global customers to assist them in accelerating further their growth."