Sapient Corporation

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Sapient Corporation
Type Public
Traded as NASDAQSAPE
Industry Global markets, Government services and Advertisement
Founded 1991
Headquarters Boston, Massachusetts, United States
Key people Alan J. Herrick (Co-Chairman and CEO)
Services Business consulting and outsourcing services
Revenue $ 1.01 billion (2013)
Operating income $100.17 million (2011)
Employees 11,000+ (March 31, 2013)
Website www.sapient.com

Sapient is a marketing and consulting company that provides business, marketing, and technology services to clients. The company operates three divisions, SapientNitro, Sapient Global Markets and Sapient Government Services.

History and structure[edit]

In 1998, Sapient acquired visual design firm Studio Archetype.[1] In 1999, the company acquired the small San Francisco-based e-commerce builder Adjacency.[2]

In 2005, Sapient established a Government Services division as an independent subsidiary in Arlington, Virginia, to serve federal government clients. In 2006, it acquired Planning Group International, a Miami-based interactive agency.[3]

In August 2008, Sapient's TRM practice expanded with the acquisition of the London-based Derivatives Consulting Group.[4] In June, 2009, the company acquired Nitro Group,[5] a traditional global advertising agency.

Products[edit]

  • FedTrade Auction system for open market operations (designed for the Federal Reserve Bank of New York)[6]

Awards[edit]

Sapient's office in Gurgaon (SEZ), India.

Sapient was named the Top Interactive Agency in the UK by New Media Age in 2007, 2008, and 2009.[7]

Restatement[edit]

On October 24, 2003, the company restated its financial results by decreasing interest income by $337,000 in the first quarter of 2003, and by $188,000 in the second quarter.[8]

References[edit]

  1. ^ "Sapient Corp. Buys Studio Archetype". AdvertisingAge. 1998-08-26. Retrieved 2011-07-24. 
  2. ^ "S.F. Net shop deal shatters price record". San Francisco Business Times. 1999-05-16. Retrieved 2011-07-24. 
  3. ^ Christine Blank (2005-12-13). "Sapient Buys Marketing Agency". DMNews. 
  4. ^ Schmerken, Ivy (2008-08-11). "Sapient Boosts Derivatives Operations with Acquisition of DCG Consultancy by Advanced Trading". Advancedtrading.com. Retrieved 2010-07-28. 
  5. ^ "Sapient to Buy Nitro for $50 Mil.". 2009-06-16. 
  6. ^ "FOMC May 10, 2006 Meeting Presentation materials". Retrieved 2012-02-14. 
  7. ^ "NMA | NMA Top 100 Interactive agencies 2009". Top100.nma.co.uk. Retrieved 2010-07-28. 
  8. ^ "Sapient Posts Profitable Third Quarter Results". 

External links[edit]