The sale closed today and no terms were disclosed.
In business since 2008, INVNT was acquired by Time Inc. in 2015. The move makes INVNT an independent agency once again.
INVNT will retain its name, continue to service existing clients, and will remain in its current headquarters in New York City. INVNT satellite offices are located in London and in a number of key US locations.
Commenting on the purchase, INVNT CEO Scott Cullather said: "As the media landscape continues to change, we believe that ‘live’ is the most potent form of engaging audiences today. The best direction for INVNT is to be a private, independent agency, and we are very excited for what the future holds."
Kristina McCoobery, COO, added: "We look forward to deepening our commitment with our existing clients, and introducing new clients to our unique perspective and approach to the business of brand communications."
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