Impact XM Expands Its Capabilities With MorEvents Acquisition, Unveils New Experiential Business Intelligence Service
May 16, 2023
Global, full-service event and experiential marketing agency Impact XM recently expanded its large-scale meetings and event management capabilities and expertise, as well as launched a valuable new service for its clients.
On May 2, the agency announced it had acquired Denver-based MorEvents, a female-owned event management and creative agency that has been serving global audiences for more than two decades. Specializing in delivering virtual and physical events across the globe, MorEvents has partnered with Fortune 500 companies including Mastercard and Dell EMC to shape how these leading brands are experienced today, according to agency officials.
“Our goal at MorEvents has always been to create unique events that inspire and exceed our clients’ expectations,” said MorEvents Co-Owners Betsy Mordecai and Gareth Heyman. “With this new partnership with Impact XM, we are excited to collaborate and leverage our collective strengths to create even more impactful experiences for our clients.”
They added, “We believe that our combined expertise will enable us to continue delivering exceptional events that drive business results.”
The acquisition brings MorEvents’ team of creative and event experts to Impact XM, adding deep expertise in creative and design, event strategy, project management, virtual meetings, global events and meetings, sporting events and mobile apps to Impact XM’s already robust portfolio.
“We are thrilled to welcome the talented team at MorEvents to Impact XM,” said Jared Pollacco, Impact XM CEO. “This acquisition enhances our capabilities and expands our offerings to deliver even more compelling work for our clients.”
He continued, “With the addition of MorEvents, we have brought on board experts in event management and creative solutions. We are excited to further advance our commitment to bringing cutting-edge experiential solutions to our partners worldwide.”
This acquisition comes on the heels of Impact XM’s April 25 announcement that it had launched a new Experiential Business Intelligence Service (xBI), an annual, portfolio-level service for Impact XM clients offering experiential strategy, unified data and impact assessment to track and optimize experiential ROI.
Offering new data-driven insights, key performance indicators (KPIs) and recommendations for experiential marketing optimization, the bespoke service, which will partner experiential strategists with technologists and data experts, will offer experiential strategy followers by unified data and impact assessment, resulting in actionable insights for each client and campaign.
According to Impact XM officials, xBI begins with strategists who offer event and portfolio strategy, determine a data and analytical plan and set KPIs to build a foundation for success. From there, a team of technologists and data experts capture data and custom analytics that go into the Role-Based Dashboard, an interactive KPI and insights ecosystem that clients can access and interact with throughout the year. Following individual programs, strategists digest the data and offer results, insights and recommendations through quarterly business reviews and ongoing analysis.
“The launch of xBI makes this an exciting time for our agency and — more importantly — our clients,” said Matt Grant, vice president of live and digital production and technology at Impact XM, which launched xBI just in time for its 50th anniversary.
He continued, “As our world continues to evolve in data-driven results, KPIs and insights, it’s essential that our industry does as well. xBI will allow our clients to receive detailed and personalized insights from a team of strategists and data experts, putting new meaning behind results and receiving detailed recommendations to further their future experiential marketing campaigns.”
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Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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