Six Shops Chase Global Media Account

Siemens Enterprise Communications' review part of company relaunch

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Siemens Enterprise Communications, the spin-off of Siemens that’s majority owned by venture capital firm The Gores Group, has invited six shops to compete for its global media business.

Annual global media spending is projected at $90 million. SEC plans to hire a single shop to handle all the media planning and buying across the U.S. and overseas markets, including Europe, Asia, and Latin America.

The six shops participating in the review are Initiative, TargetCast, Horizon, PHD, Mediasmith, and Optimedia, according to Mike Drexler of Drexler/Fajen & Partners, the New York-based consultancy managing the process.

Siemens executives will meet with the agencies next month before cutting to three or four finalists in late August or early September.

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