MUMBAI: Dentsu Aegis Network has merged Fountainhead with its experiential marketing arm psLIVE India to form Fountainhead-MKTG.

It may be recalled that last year, Dentsu Aegis Network formed its ninth global network brand - MKTG, the lifestyle marketing agency it acquired in August 2014. The agency also made the Fountainhead acquisition in India last year.

With this merger, MKTG brings its vast resource of experience and knowledge into the Indian landscape. The agency currently operate in various mature lifestyle markets around the globe. This knowledge, combined with Fountainhead’s local expertise is poised to produce some unique and outstanding marketing innovations.

“In India, the lifestyle marketing solutions market is growing at twice the rate of the ATL market. With Fountainhead, a leading player in India and MKTG, a leading global player, we now will have the best offering of global standards, through Fountainhead MKTG. This is another big step forward in helping us achieve our mission of being the second largest agency group by end 2017 in India, overturning for the first time the existing ranking, which has historically been in place for over 80 years in India,” said Dentsu Aegis Network chairman and CEO - South Asia Ashish Bhasin.

“With this influx of international expertise, safety standards, design & technology, Fountainhead MKTG will consistently raise the bar when it comes to producing events within the country. While officially we are a full-service marketing agency, in reality we are a creative group of people who come to work everyday to create unique, disruptive and innovative projects for our clients,” added Fountainhead-MKTG CEO Brain Tellis.