Reedus Design Raises Closes Round of Growth Capital

Mon Oct 26, 2009 12:30am EDT
 
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European Web Design and Internet Marketing Company Reedus Design
(http://www.reedusdesign.com) Has Closed Its Latest Round of Financing,
Consolidating Its Position as One of Southern Europe`s Leading Web Development
Brands
MADRID--(Business Wire)--
A majority stake of the Spanish-based agency has been acquired by Hestiun
(http://www.hestiun.com), a Switzerland-based multinational diversified
investment group. The remainder is being retained by company management,
including founder Jason Reed and partner Phil Morse. Over the past half decade,
Reedus Design has become one of the most respected web agencies serving the
European market. Founded in 2004, the company has successfully positioned itself
as a full-service, results-driven web agency, with particular emphasis on design
quality, business integration and effective internet marketing. 

Based in Spain, with clients in both the UK and on the European mainland, Reedus
Design has particular expertise in the telecommunications, real estate,
financial services and commerce sectors. 

Reed, founder of Reedus Design, said: "Hestiun`s focus on international brand
acquisition allied with Reedus`s ability to deliver results-driven business web
products is a perfect fit. It gives us the chance to work on a broader range of
accounts, and to improve our product scope and service and to address a wider
marketplace. We are also confident that we can bring great value to the group,
both on an operational and marketing level." 

Jeff Spence, Chairman of Hestiun's investment committee added,"We are pleased to
be able to contribute to Reedus Design's new growth phase. An integrated web
strategy is important to any company`s marketing strategy today, and Reedus
Design has been a proven leader in its field. We feel their team`s expertise can
also greatly benefit Hestiun and all of its associated companies moving
forward."

Reedus Design
Jason Reed, +44 800 027 4822
pr@reedusdesign.com



Copyright Business Wire 2009

 

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