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Teneo has made a strategic investment in and formed a partnership with Boardspan, the San Francisco provider of board governance software.
Its cloud-based systems are for benchmarking, analytics and education programs to complement search and advisory services.
Boardspan's clients include KKR, Ingersoll Rand, Beyond Meat, Kellogg Foundation and US Olympic & Paralympic Committee.
Diane McIntyre, CEO of Teneo People Advisory, said board effectiveness is critical to the strategic direction and success of clients.
She said Boardspan's partnership will enable Teneo to include assessments, gap analysis and benchmarking in its advisory offering "for a truly end-to-end, cloud-based experience."
Stagwell registered an eight percent rise in Q1 revenues to $670M and a $1.3M net loss compared to a $1.4M profit last year.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
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