AGENCY COM LTD
8-K, 2000-02-01
BUSINESS SERVICES, NEC
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                 --------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(D) OF THE

                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported) JANUARY 25, 2000
                                                        ------------------------

                                 AGENCY.COM LTD.
- --------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

         DELAWARE                       000-28293                 13-3808969
- --------------------------------------------------------------------------------
(State or other jurisdiction            (Commission             (IRS Employer
     of incorporation)                   File Number)        Identification No.)

20 EXCHANGE PLACE, NEW YORK, NEW YORK                                 10005
- --------------------------------------------------------------------------------
(Address of principal executive offices)                           (Zip Code)

Registrant's telephone number, including area code            (212) 358-2600
                                                   -----------------------------


                 665 BROADWAY, NEW YORK, NEW YORK 10012
- --------------------------------------------------------------------------------
       (Former name or former address, if changed since last report.)


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ITEM 5   OTHER EVENTS

                  On January 25, 2000, AGENCY.COM Ltd. ("AGENCY.COM") announced
it had completed its acquisition of Pictoris Interactive SA. A copy of the press
release announcing the acquisition of Pictoris Interactive SA is attached hereto
as EXHIBIT 99.1 and incorporated herein by reference.

ITEM 7            FINANCIAL STATEMENTS AND EXHIBITS

         (c)      EXHIBITS.         The following documents are filed as
                                    exhibits to this report:

                  99.1              Press Release dated January 25, 2000.

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                                    SIGNATURE

                  Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                                                      AGENCY.COM Ltd.

Date: January 31, 2000

                                                      By: /s/ Charles Dickson
                                                      Chief Financial Officer


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                                  EXHIBIT INDEX

                  Exhibit

                  99.1              Press Release dated January 25, 2000



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                                  Exhibit 99.1

AGENCY.COM COMPLETES ITS PURCHASE OF LEADING FRENCH INTERACTIVE AGENCY

25-Jan-00

INVESTMENT SOLIDIFIES EUROPEAN OPERATIONS

FOR IMMEDIATE RELEASE

New York, NY--January 25, 2000--AGENCY.COM (Nasdaq: ACOM), a leading
international Internet professional services firm, announced today that it has
completed its acquisition of Pictoris Interactive SA, one of the top interactive
agencies in France. AGENCY.COM had purchased a minority interest in Pictoris in
October 1999 and exercised its option to purchase the remainder of the company
on January 24, 2000. The total purchase price was $12.1 million.

Pictoris strengthens AGENCY.COM's European presence and extends the company's
vertical strengths in both Intranet and business-to-business e-services.

"The acquisition of Pictoris positions AGENCY.COM: Paris as a leading
interactive agency in the French market and is an important extension to our
European capabilities, a key growth area of the company," commented Chan Suh,
Chairman and CEO of AGENCY.COM. "We made an early strategic decision to move
aggressively into Europe; and believe having a strong global footprint -- with
which to serve our Global 1000 companies -- is a competitive advantage of the
company."

This investment brings the combined AGENCY.COM: Paris presence to about 65
internet professionals and a client roster that includes market leaders such as
DisneyLand Paris, Danone, PriceWaterhouse Coopers, Accor and AXA, among others.

Current Collaborations:

AGENCY.COM and Pictoris have already collaborated on several projects including
the award winning Quantum and Adaptec accounts, staffed out of offices in North
America and Europe.

Management:

Frederic Pie will become President of AGENCY.COM: Paris; previously Mr. Pie was
President of Pictoris Interactive, a firm he built over the last four years. Mr.
Pie will report to Eamonn Wilmott, President of AGENCY.COM: Europe. The
company's management team includes Carine Barbelivien, Vice President of
Operations, Francis Meleard, Vice President of Creation and Christine Laurens,
General Manager, who will report to Mr. Pie.

Mr. Pie commented, "We are delighted to be part of the AGENCY.COM team, a group
of talented individuals at the forefront of the industry. We are looking forward
to achieving tremendous synergies going forward, as we share the same culture
and work ethic."


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Mr. Wilmott said, "This was strictly a strategic acquisition for AGENCY.COM.
We've had tremendous success in acquiring niche leading players and integrating
the team into the AGENCY.COM family and methodology. Both the staff and the
client roster are worldclass additions to our company."

About AGENCY.COM

AGENCY.COM is a leading international Internet professional services firm. The
company provides an integrated set of strategy, creative and technology services
that helps take clients from concept to launch of their Internet businesses.
Founded in January 1995, AGENCY.COM is headquartered in New York and has U.S.
offices in Avon (CO), Boston, Chicago, Dallas, Portland (OR), San Francisco, and
Woodbridge (NJ) and international offices in Amsterdam, Copenhagen, London and
Paris and an affiliate office in Singapore. AGENCY.COM serves a broad and
diversified global client base in a variety of industries including 3M, Bank of
America, British Airways, Colgate-Palmolive, Compaq, Heineken and Texaco. For
more information, please visit our Web site at http://www.agency.com/investors
or call AGENCY.COM's Investor Relations line at 212/358-2702. To receive press
releases going forward, please send contact information to [email protected]
or call 1-877-721-3006 for a fax copy.

Matters discussed in this release may include forward-looking statements that
involve risks and uncertainties, and actual results may be materially different.
Factors that could cause actual results to differ are stated in the company's
reports and other documents filed from time to time with the Securities and
Exchange Commission, including AGENCY.COM's prospectus included in its Form S-1
Registration Statement dated December 8, 1999.

# # #

CONTACT INFORMATION:

AGENCY.COM
Vice President, Corporate Communications
Lee Foley Race
212-358-2676
[email protected]

Morgen-Walke Associates
Evan Goetz/Jackie Turner
212-850 5639/5665
[email protected]



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Investor Contact:

Morgen-Walke Associates
Corey Cutler/ Cheryl Olson
212-850-5686
[email protected]

AGENCY.COM Investor Line
212-358-2702




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