Reedus Design Raises Closes Round of Growth Capital

MADRID -- (BUSINESS WIRE) -- A majority stake of the Spanish-based agency has been acquired by Hestiun (http://www.hestiun.com), a Switzerland-based multinational diversified investment group. The remainder is being retained by company management, including founder Jason Reed and partner Phil Morse. Over the past half decade, Reedus Design has become one of the most respected web agencies serving the European market. Founded in 2004, the company has successfully positioned itself as a full-service, results-driven web agency, with particular emphasis on design quality, business integration and effective internet marketing.

Based in Spain, with clients in both the UK and on the European mainland, Reedus Design has particular expertise in the telecommunications, real estate, financial services and commerce sectors.

Reed, founder of Reedus Design, said: “Hestiun’s focus on international brand acquisition allied with Reedus’s ability to deliver results-driven business web products is a perfect fit. It gives us the chance to work on a broader range of accounts, and to improve our product scope and service and to address a wider marketplace. We are also confident that we can bring great value to the group, both on an operational and marketing level."

Jeff Spence, Chairman of Hestiun's investment committee added, “We are pleased to be able to contribute to Reedus Design's new growth phase. An integrated web strategy is important to any company’s marketing strategy today, and Reedus Design has been a proven leader in its field. We feel their team’s expertise can also greatly benefit Hestiun and all of its associated companies moving forward.”