The San Diego based search marketing services and software firm, Covario, has acquired NetConcepts, the SEO agency which was founded by Stephen Spencer. Many in the Search Marketing industry know Spencer from either his speaking engagements, his contribution to the Art of SEO and his endless supply of WordPress SEO plugins.
Stephan Spencer is good people. Covario are good people. We’re very happy to hear this news for both NetConcepts and Covario, as two companies Search & Social highly respects.
And now for the press release :
Covario’s acquisition strengthens its industry leading position providing SEO solutions to the world’s largest advertisers. The combined company will have nearly 100 customers in key industries such as high tech, financial services, ecommerce, retail, consumer electronics, media, life sciences, and consumer packaged goods. Covario will leverage the acquisition by integrating Netconcepts’ GravityStream™ technology into Covario’s SEO consulting practice and Organic Search Insight™ software.
Netconcepts, founded in 1995, is the leader in driving online sales for the retail and ecommerce space through management of natural search engine rankings using its GravityStream technology. Key clients include Cabela’s, Northern Tool, Ann Taylor, Deckers, Woolrich, and Builder’s Square. The merger will help these retail clients, and other clients, gain access to Covario’s software and team of service experts to better synchronize their paid and natural/organic search efforts to create efficiencies, improve results for both channels, and ultimately improve their return on investment (ROI). The technology is a software-as-a-service (SaaS) web content management solution that allows an advertiser to deploy SEO strategies in a scalable and cost effective way.
“With the acquisition of Netconcepts and the GravityStream technology, Covario is bringing a unique solution to advertisers to help them accelerate their ability to present their brands on all the major search engines globally,” said Russ Mann, Chief Executive Officer of Covario. “By coupling Covario’s Organic Search Insight with NetConcepts’ GravityStream technology, advertisers will be able to identify the SEO actions that drive better rankings, and also deploy those strategies quickly, and in a highly scalable way to achieve their ROI goals.”
The growing importance of SEO in advertising is a key factor behind Covario’s acquisition of Netconcepts. According to Forrester Research, advertisers would spend approximately $2.5 billion on SEO in the U.S. alone in 2009, and this is estimated to double to $5.0 billion by 2014 [Forrester’s July 2009 US Interactive Marketing Forecast, 2009-2014]. “Marketers looking for clicks at a cost much lower than paid search are joining those who return to SEO after mastering paid search programs,” according to Shar VanBoskirk, an analyst for Forrester. “Nearly two-thirds of all marketing spend to manage search programs is for advanced technologies or outsourced partners — an indication that search programs are gaining maturity and investment.”