Australian digital ad platform CirtrusAd, a recent start-up that has grown its global profile by securing high-profile clients, has been acquired by French advertising and public relations giant Publicis Group (Euronext: PUB).
The buyout sets the Brisbane-based company, which was founded by Brad Moran and Nick Paech (pictured) in 2017, on track to continue expanding in one of the fastest-growing advertising spaces in the world.
"We want to build this into a beast of a business, and we needed some extra muscle to do it," says Moran, who will stay on to oversee the next stage of business growth armed with the balance sheet of a multinational.

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