Clients in­clude In­tel, Nike, Mi­crosoft

Agen­cies

Austin American-Statesman - - BUSINESS - Con­tin­ued from B Con­tact Lori Hawkins at 9125955. Deficit Con­tin­ued from B

the lead­ing dig­i­tal city in the U.S., es­pe­cially with the South by South­west con­fer­ence.”

W2O, founded in 2001, op­er­ates a com­mu­ni­ca­tions, mar­ket­ing, re­search and devel­op­ment firms, had billings this year of $62 mil­lion and ex­pects to reach $80 mil­lion next year. Clients in­clude Honey­well, Her­shey Co., In­tel and Warner Bros.

In ad­di­tion to San Fran­cisco and Austin, it has of­fices in New York, Chicago, Washington, D.C., Los An­ge­les and Lon­don.

VM Foundry, also founded in 2001, spe­cial­izes in Web and mo­bile app devel­op­ment. It has worked on state and na­tional po­lit­i­cal cam­paigns and its clients in­clude Dell, Nike, the Weather Chan­nel, NFL and MTV.

W2O Dig­i­tal will be head­quar­tered at VM Foundry’s of­fices on East Ce­sar Chavez Street in East Austin.

Mean­while, New York­based R/GA, which is owned by global ad­ver­tis­ing gi­ant In­ter­pub­lic Group, has opened an Austin of­fice that will serve as a hub for the dig­i­tal ad­ver­tis­ing firm’s mo­bile and so­cial busi­ness ef­forts.

Founded in 1977, R/ GA’s clients in­clude MasterCard, Getty Im­ages, Mi­crosoft and John­son & John­son. The agency had billings of $242 mil­lion in 2011, ac­cord­ing to Ad Age’s an­nual agency report. It has nine lo­ca­tions, in­clud­ing ones in San Fran­cisco, New York, Lon­don and Sin­ga­pore.

R/GA, which has of­fices in the Lit­tle­field Build­ing at Sixth Street and Congress Av­enue, re­cently re­cruited Austin-based so­cial me­dia veteran Peter Kim as man­ag­ing di­rec­tor, busi­ness trans­for­ma­tion. Kim was pre­vi­ously chief strat­egy of­fi­cer of Dachis Group, an Austin-based so­cial me­dia con­sul­tancy.

R/GA cur­rently has 15 Austin em­ploy­ees and ex­pects to add up to 35 more next year in ar­eas in­clud­ing mo­bile de­vel­op­ers, so­cial me­dia strate­gists and vis­ual de­sign­ers.

“Austin is a for­ward­think­ing, cre­ative hub that has seen ex­plo­sive growth over the years, and we look for­ward to con­tribut­ing to the con­tin­ued evo­lu­tion of the city,” said Bob Green­berg, CEO of R/GA. bud­get year ends Sept. 30.

Obama’s pres­i­dency has co­in­cided with four straight $1 tril­lion-plus deficits — the first in his­tory and a record he had to vig­or­ously de­fend dur­ing his re-elec­tion cam­paign. He had promised in Fe­bru­ary 2009 to cut the deficit in half by the end of this first term.

This year’s deficit is closely tied to what hap­pens with the fis­cal cliff. Econ­o­mists fear that the $671 bil­lion in higher taxes and spend­ing cuts, if left in place all year,

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