LBi acquires majority share in Vizualize

LBI International AB (“LBi”), the leading international full service digital agency network, acquired a 51% ownership share in Vizualize Technologies Pvt. Ltd. ("Vizualize"), an Indian technology development and support company. LBi has worked with Vizualize for over three years.

The majority ownership interest not only secures a strategic ownership in a high quality offshore technical support group but also enables LBi to more effectively deploy resources in other key markets. LBi is committed to increasing the use of offshore and near-shore technical resources to increase margins and to secure resources supporting necessary for continued high growth.

Commenting on behalf of LBi, CEO Robert Pickering states: "We are pleased that we have the opportunity and experience to add Vizualize and its proven high quality services to our portfolio. Vizualize has been a valued partner for over 3 years and we fully expect to accel-erate their growth which will also create greater returns for LBi".

Vizualize CEO and founder Nand Kapadia states: "We are one of the fastest growing tech-nology services companies in India. LBi has always been a most valued client and we are extremely excited that we are now truly partners in business".

For further information please contact:

Robert Pickering,
CEO, LBI International AB
+31 20 460 45 00, robert.pickering@lbi.com

Nand Kapadia,
CEO, Vizualize Technologies Pvt. Ltd.
+91 22 661 77 100, nand.kapadia@vizualize.com, www.vizualize.com

Tobias Bülow,
Group Communications Manager, LBI International AB
+46 709 41 22 58, tobias.bulow@lbi.com

About LBi

LBi is the leading international full service digital agency network, servicing clients with marketing and technology solutions. The Company employs approximately 1,300 professionals located primarily in the major European and American business centers, such as Amsterdam, Berlin, Brussels, Copenhagen, London, Madrid, Milan, Munich, New York and Stockholm. Through interdisciplinary teams, LBi creates innovative multi-channel solutions for its national and international corporate clients by uniquely combining strategy development and creative design with specific industry expertise and latest digital technology. LBi was formed by the merger of LB Icon and Framfab in August 2006 and is listed on Euronext in Amsterdam as well as on OMX Nordic in Stockholm (symbol: LBI).

About Vizualize:

Vizualize helps clients achieve their business goals through the intelligent use of technology in the areas of technology strategy planning and internet based application development. With forecasted revenues in excess of US $6 million, Vizualize is able to leverage its near shore and off-shore resources to craft and implement innovative cost effective solutions for its clients. Vizualize strives to do this through a high level of technical expertise in application development for browser based solutions, a commitment to learning our client’s business process and the intelligence behind it and creating a true corporate partnerships by solving today’s issues, while jointly visioning for the future.