Yello Digital Marketing (YDM) Group, a Korean digital media agency, has officially acquired a majority stake in Gushcloud for a multi-million dollar deal.
According to YDM, they will shift its Southeast Asian headquarters to Singapore after this deal as they are planning to house up 200 employees in a new office in the Central Business District. For those of you who don’t know, YDM is part of Yello Mobile group, which comprises more than 70 companies specialising in shopping media, content advertising, digital apps, online travel and offline to online services. In other words, they are Yello Mobile group’s advertising and digital marketing division offering online and offline marketing services to more than 5,000 clients in five countries.
Gushcloud is an influencer and content marketing group which was founded back in 2011 by Singapore entrepreneurs, Vincent Ha and Althea Lim. They are both young entrepreneurs with experience in video production, youth event making and as well as advertising. At the moment, Gushcloud employs 80 people in offices in Singapore, Malaysia and Indonesia.