Globo continues to achieve strong revenue growth
StockMarketWire.com
Telecom software products and services Globo has continued to achieve strong revenue and profit growth following an outstanding financial performance last year, says chief executive Costis Papadimitrakopoulos.

Shareholders at the annual general meeting later today (10 June) will be told that trading this year has been strong, with international revenues and profits now dominating the group's overall performance.

Globo says this reflects its continuing focus on developing its international mobile business, which now represents more than 85% of revenues.

The group says it continues to invest in its GO!Enterprise offering. This has both gained significant industry recognition from observers such as Gartner, VDC and Ovum, and succeeded in generating revenues through strategic relationships in the rapidly-emerging Bring Your Own Device (BYOD) market.

Globo says that following launch at the end of 2011 with initial revenues of 2.0m, rising in 2012 to 12.0m, the GO!Enterprise B2E and B2C current subscriber base stands at 130% up year-on-year. Revenues from GO!Enterprise are generated primarily from recurring annual licenses, support contracts, and add-ons, supplemented by specific mobile application development projects. Globo says the successful partnerships with major distributors (ASBIS, COMPUTERLINKS) and device manufacturers (SAMSUNG, PRESTIGIO, etc.) achieved at the end of 2012 are now being implemented leading to initial revenue generation, and we remain enthusiastic about further growth prospects towards the second half of this year.

Papadimitrakopoulos says: "Globo has succeeded in positioning itself as one of the leaders in the BYOD and mobile application development markets today.

"Our challenge is to compete in particular against US peers with direct access to what we consider to be the biggest and most developed BYOD market opportunity in the world today.

"We remain confident that we are in position to succeed in the US market and, at the same time, utilise our experience in the European market where we are traditionally stronger and more competitive versus our US rivals.

"The US launch has been thoroughly prepared in respect of technical infrastructure, marketing, training, sales and support, in order to achieve maximum effectiveness and meet the requirements that this market demands. Now we feel more than confident that we are fully prepared to meet any size of demand from the US launch in the next two weeks."

Hopefully the signal for another push upwards .

GLOBO plc ("Globo" or the "Group")

Strong growth momentum for H1 2013

Globo (LSE-AIM: GBO), the international leader and technology innovator delivering enterprise mobility management and telecom software products and solutions, today provides a trading update for the 6 months ended 30 June 2013.

Globo has maintained strong growth momentum and is pleased to report that revenues for the period increased by 51% per cent year-on-year in the first half of 2013 to approximately €32 million (6 months continued operations ended 30 June 2012: €21.1 million), ahead of market expectations. We also anticipate that EBITDA and PBT will be slightly ahead of market expectations.

This strong performance reflects ongoing demand for our GO!Enterprise platform, which recorded revenue growth of 133% year-on-year to €10.2 million (H1 2012: €4.4 million), and our consumer mobility products (CitronGO! and GO!Social) which recorded revenue growth of 22% to €17.9 million (H1 2012: €14.7 million).

Both revenue segments generate recurring service and licence revenues and, at the same time, GO!Enterprise generates project development revenues via deployment by customers requiring additional mobile platform application development services

In line with normal seasonality favouring the second half, the Group anticipates revenues and margins will continue to increase over the remainder of the year supported by new distribution and partnership agreements under way. Financial performance in the second half of this year will also benefit from the development of sales within our US & Canada distribution agreement, which since the beginning of July is fully active with sales already being recorded.

Operating cash flows after working capital needs and investments have resulted in a net cash position of €9.2 million, with total cash of €21.5 million at the end of the 6 month period.


Globo's CEO, Costis Papadimitrakopoulos commented:

"During the first half of 2013, we have sustained strong growth and made substantial progress with building up our business in all geographies and technologies around the Enterprise Mobility space.

Globo is positioned to serve all different market segments and is looking to becoming one of the market leaders in the Enterprise Mobility space as our platform offers a broader range of functionality compared to our competitors.

With offerings that range in size from Enterprise licences to cloud offering down to retail box, in functionality from BYOD to application development and consumer apps, and in pricing from monthly to perpetual licence model, Globo has one of the strongest product and commercial offerings in the market today that makes us confident for the future."

The Group expects to announce interim results in September 2013.

END

GLOBO achieves Advanced Membership of

IBM's PartnerWorld Program for enterprise mobility solutions

Globo (LSE-AIM: GBO), the international leader and technology innovator delivering enterprise mobility management and telecom software products and solutions, has achieved advanced membership of IBM's PartnerWorld Program and its comprehensive Enterprise Mobility Management (EMM) platform. Globo's enterprise mobility platform, GO!Enterprise, is now included in IBM's Global Solutions Directory (http://www-304.ibm.com/partnerworld/gsd/solutiondetails.do?solution=49692&lc=en&stateCd=P&tab=2 ).

Advanced membership provides Globo with a framework to collaborate with IBM executives, sales teams, and other business partners for strategic initiatives and market specific solutions, with Globo's enterprise grade mobility expertise being incorporated into IBM's broad range of technology services.

GO!Enterprise, provides a complete and fully-secure mobility solution for businesses, of all sizes, seeking an holistic approach to mobilising their business operations in order to enhance employee productivity, implement their Bring Your Own Device ("BYOD") strategies, and improve the effectiveness of their mobile customer relationship management activities. GO!Enterprise covers all aspects of enterprise mobility requirements, including a productivity and collaboration suite and advanced application development and management environment, that enables any back-end business system to be accessible via any mobile device.

IBM PartnerWorld membership is designed to provide significant benefits for sales, marketing and technical solutions, as well as access to R&D fields, enabling partners to create new profit models and implement product offerings through a wide array of resources and technologies.

Costis Papadimitrakopoulos, Globo's CEO, commented:

"This partnership with IBM, a world class information technology leader, is a major coup for Globo. It follows a rigorous assessment of GO!Enterprise which has proved its market leadership in terms of security, functionality and effectiveness in enabling businesses to address the BYOD trend. It also demonstrates Globo's commitment to expanding its international partner-focused growth strategy in the enterprise mobility space."

END

CONTACTS

Globo Plc
+44 (0)- 7572 878 311
Costis Papadimitrakopoulos, CEO
Mike Jeremy, IRO

more good news today with the IBM tie-up. New territory coming.

Stunning set of results:


Financial Highlights

· Revenues UP 52% to €32.03 million (H1 2012: €21.13 million);

· EBITDA UP 44% to €18.64 million (H1 2012: €12.93 million);

· Profit before tax UP 74% to €14.47 million (H1 2012: €8.33 million);

· Earnings per share UP 58% to €0.041 (H1 2012: €0.026);

· International revenues UP 74% to €28.40 million (H1 2012: €16.34 million) representing 89% (H1 2012: 77%) of total revenues.

Operational Highlights

· Secured a North American distribution agreement for GO!Enterprise with Ingram Micro Inc., the world's largest IT and Mobility Distributor. Globo subsequently completed the first "closed loop" sales circle for GO!Enterprise Mobility in a Box and moved into the second phase of commercial distribution across N. America;

· Secured numerous partnerships and alliances with global technology companies, including IBM and Fujitsu;

· Secured a €20 million 3-year revolving credit line, with a €5 million extension option, with Barclays Bank plc, to fund growth, investments and acquisitions, also significantly reducing interest costs.

· Successfully rolled out the GO!Enterprise247 cloud offering which is now commercially available and creates the platform for future growth within the smaller business market;

· Winning recognition from industry analysts including Gartner, VDC, Ovum and IDC;

· Winning customers in a range of geographies, including well-known names such as First Data, Coral, Dixons, Estee Lauder, European Reliance and Mercedes Benz;

· Globo Technologies S.A., in which Globo retains a significant minority holding, is performing ahead of budget and contributed to profit during the period.

Certainly going from strength to strength. up over 200 % in last 8 months. - One of my happier buys !

More likelihood of upgrades to come in my opinion. GBO gradually hitting more radars though.

RBC out today with outperform, target 80p

Globo says held talks with Notify Technologies Inc. I should think when we get taken out it will be significantly higher.

Talks were to acquire Notify Technologies Inc but no acquisition completed.

“While we continue to expect Globo to raise opex to further drive traction in the US and elsewhere, given the good cost control demonstrated in the first half and better than expected contribution from the divested Greek business, we believe profitability should further improve,” said analyst Andrew Dunn, who highlighted the North American distribution deal Globo struck with Ingram in February.

“Management believes that with scale-up, their initial expectations could be exceeded for the Ingram agreement and we continue to believe the shares remain undervalued on 7.4x 2014E PER given the opportunity

GLOBO plc ("the Company")

Clarification Statement

The Board of Globo plc (LSE-AIM: GBO) acknowledges that the following information was posted in a "hidden web page" on its website last night for a short period of time. Google indexed it, and the information subsequently appeared in search results, which certain investors have seen. The information was subsequently posted on several online discussion forums.



The Board of Globo plc wishes to clarify that, while discussions have taken place, no acquisition has been completed and there can be no certainty that a deal will be completed. A further announcement will be made as soon as is practicable.



The information published was as follows:



"GLOBO plc ("the Company")
US$5m acquisition of Silicon Valley based Notify Technologies Inc.

Globo plc (LSE-AIM: GBO), the international leader and technology innovator delivering enterprise mobility management and telecom software products and solutions, has acquired the business and assets of Notify Technologies Inc. ("Notify"), a mobile technology company specialising in wireless mobility solutions and services, for a cash consideration of US$5 million.

Under an Asset Purchase Agreement, assets of US$0.35 million and liabilities of US$3.1 million, including US$2 million of deferred revenues, and approximately 60 employees will transfer to Globo's US subsidiary.

Notify enables organisations to define, simplify and implement their mobility strategies, including the management of mobile devices.

Founded in 1994, Notify is located in San Jose, California, where all sales, marketing and finance personnel are located. Notify's product development and technical support centre is located in Canfield, Ohio.

Notify offers businesses mobility solutions for addressing the Bring Your Own Device ("BYOD") trend, enterprise mobility management, data loss prevention, and Blackberry device management. Its products provide the management, control and oversight needed to maintain a secure and productive mobile environment for businesses of any size, and have been recognised by Gartner's Magic Quadrant for Wireless Email for the past 6 years..."

Hot off the presses


GLOBO plc ("the Company")

US$5m acquisition of Silicon Valley based Notify Technologies Inc.

Globo plc (LSE-AIM: GBO), the international leader and technology innovator delivering enterprise mobility management and telecom software products and solutions, has acquired the business and assets of Notify Technologies Inc. ("Notify"), a mobile technology company specialising in wireless mobility solutions and services, for a cash consideration of US$5 million.

Under an Asset Purchase Agreement, assets of US$0.35 million and liabilities of US$3.1 million, including US$2 million of deferred revenues, and approximately 60 employees will transfer to Globo's US subsidiary.

Notify enablesorganisations to define, simplify and implement their mobility strategies, including the management of mobile devices.

Founded in 1994, Notify is located in San Jose, California, where all sales, marketing and finance personnel are located. Notify's product development and technical support centre is located in Canfield, Ohio.

Notify offers businesses mobility solutions for addressing the Bring Your Own Device ("BYOD") trend, enterprise mobility management, data loss prevention, and BlackBerry device management. Its products provide the management, control and oversight needed to maintain a secure and productive mobile environment for businesses of any size, and have been recognised by Gartner's Magic Quadrant for Wireless Email for the past 6 years.

Notify's products include:

· NotifyMDM, designed to provide IT administrators a single console to manage and secure corporate and individual mobile devices regardless of operating system, carrier, or email platform.

· NotifySync, a device application that provides BlackBerry users secure, real-time, wireless synchronisation to any email platform supporting ActiveSync.

· NotifyLink, an enterprise solution that provides mobile workers secure, real-time, wireless synchronisation to any email platform supporting ActiveSync.

Notify currently has approximately 1,800 customers in the financial services, government, healthcare, higher education, primary and secondary education and manufacturing sectors. Named customers include Oracle Corporation, Novell Inc., Securitas, True Value Company, Trinity Health, and The U.S. Equal Employment Opportunity Commission (EEOC). Additionally, Notify's worldwide network of 26 partners includes carriers, distributors, resellers, systems integrators and complementary technology companies including well known firms such as Synnex and ConnecTel.

For 2012, Notify's unaudited IFRS revenue and EBITDA were US$6.1 million and US$1.6 million, respectively. The acquisition of Notify will immediately be EBITDA enhancing and is expected to be earnings enhancing in its first full year.

The acquisition of Notify represents another significant step towards Globo's strategic goalto become a global leader in the field of enterprise and consumer mobility. Specifically:


· The integration of NotifyMDM with GO!Enterprise technology will add MDM (Mobile Device Management) functionality, enabling Globo to compete more effectively during the mobile industry's transition to mobility solutions based on "container" technology. Whilst Globo's GO!Enterprise container based solution is the best technology for enabling BYOD, certain customers still demand MDM functionality. Following integration, GO!Enterprise will be the market's most complete solution incorporating MDM, secure container technology and a cross mobile platform application development environment to build, distribute and manage apps.


· Notify establishes a presence in Silicon Valley with its 60 employees strengthening Globo's U.S. development, research, sales and marketing teams, adding a high level of skills and knowledge to building and marketing corporate mobility products, as well as sales and marketing capability. This will allow Globo to accelerate its US expansion and generate "cross" and "up" sales opportunities from both the integration of technologies and leverage of existing customers of both companies.

During CTIA MobileCON later this month in San Jose, Globo will launch its GO!Enterprise V.2 which incorporates Notify's MDM functionality.

Going forward, Globo's management remains focused on its strategic goal to become a global leader in the field of enterprise and consumer mobility, and its near-term objectives are to:

· maintain organic growth, exploiting well-timed entries into key markets;

· increase business development efforts in the USA and Western Europe where the enterprise mobility and BYOD trends are most advanced;

· extend product capabilities through continued investment, whilst monitoring and balancing this against revenue contribution opportunities; and

· actively pursue suitable acquisition opportunities, which can improve Globo's product capabilities, extend personnel skill-sets, enable entry into new markets and expand the client base.

Costis Papadimitrakopoulos, Chief Executive Officer commented:

"The acquisition of Notify significantly strengthens Globo's competitive position to address the BYOD trend and accelerate growth in the US and elsewhere, as well as adding to our rapidly growing customer and revenue base.

In addition to MDM functionality, thereby opening up significant new business opportunities for GO!Enterprise during the industry's transition to containerisation, Notify brings highly skilled and experienced people, our most valuable asset.

With current trading strong and organic growth underpinning our expansion, we are confident and excited about our future success."

A call will be held for analysts and investors on Friday 4 October 2013 at

1600 hrs BST / 1100 hrs EDT / 0800 hrs PDT. To register your interest in joining the call, contact fiona.scholes@bankside.com.

it seems to have started a lot of buying.

The annoucement was clearly coming yesterday!! All good news and only going to help the ramp up in the US.

21 Sep Globo PLC Daniel Stewart Buy 78.00 133.00 133.00 Reiterates

Globo Plc (GBO) is the top performer on London’s FTSE AIM 100 Index this year as it sold more software to support people bringing their own mobile phones to work, and it plans to expand in markets including Asia and Latin America.

The stock has almost quadrupled this year, giving the Athens-based company a market value of 275 million pounds ($442 million). The number of bring-your-own-devices in the U.S., U.K., Germany, India, China and Brazil will climb to 405 million by 2016 from 198 million this year, according to Cisco Systems Inc. (CSCO), the biggest maker of computer-networking equipment.

“We expect the BYOD trend to continue to accelerate, and this gives us a very good push to offer our technologies in different countries and in different market segments,” Globo Chief Executive Officer Costis Papadimitrakopoulos said in a phone interview from Athens. “We have managed to build different offerings on this platform to attract different sizes of customers.”

Globo secured contracts this year to develop mobile-phone applications for companies including Estee Lauder Cos. (EL), Dixons Retail Plc (DXNS) and Daimler AG (DAI)’s Mercedes-Benz luxury-car division. First-half revenue from Globo’s Go!Enterprise product to build, deploy and manage secure mobile applications for employees’ own devices more than doubled from the previous six months to 10.2 million euros ($13.9 million), with sales in 16 countries.

The stock, which is traded in London, rose 1.3 percent on Oct. 4, taking the advance to 290 percent this year

Here is a bit more guff on the above reported today on Bloomberg.


Dramatic Growth

BYOD is “a new sector,” Kostas Ntounas, an analyst at NBG Securities SA in Athens, said in an interview. BlackBerry Ltd., a traditional supplier of business smartphones, “is now falling apart and there is room for all these companies to grow going forward.”

In February, Globo signed an agreement with Ingram Micro Inc. (IM), the world’s largest technology distributer, to supply BYOD products to U.S. retailers.

“Investors are really starting to focus on the fact that international revenue is growing quite dramatically,” said Darren Freemantle, who holds 700,000 shares in Globo for the 28.9 million-pound MFM Techinvest Technology Fund. (CFTTECA) “Looking forward, it’s all about the BYOD market, where Globo has emerged as a major player.”

Globo’s total sales jumped 28 percent last year to 58.1 million euros, as Latin American revenue soared to 11.6 million euros from 2.2 million euros, and Asian sales rose 72 percent to 10.6 million euros.

U.S. Competitors

Globo was founded in 1997 in Greece, where sales fell 13 percent to 20.3 million euros last year. Globo divested part of its Greek assets at the end of 2012 to focus on international clients, and retains manufacturing in the country.

The company has gained exposure to emerging-market growth through its CitronGo! and Go!Social brands, which help with access to e-mail and social networks on non-smartphones, Papadimitrakopoulos said. The systems contributed 17.9 million euros of revenue in the first half, or 56 percent of the total, and were sold in 32 counties.

Globo faces competition in the BYOD market, particularly from the U.S., where companies such as Airwatch LLC, MobileIron Inc. and Good Technology are seeking the same customers.

Globo’s share price may increase further if there’s an initial public offering of Good Technology, Ntounas said.

Greek Divestment

“Globo still trades at a discount versus comparable companies,” Ntounas said. “A Good Technology IPO will be a benchmark in terms of valuation and multiples for Globo and may cause the share price to rise.”

Good Technology was in talks with investment banks about a potential IPO, the Wall Street Journal reported in March, citing people familiar with the move. A spokeswoman for the company described talk of a stock sale as “speculation,” when contacted by Bloomberg News on Oct. 4.

At the end of last year, Globo divested 51 percent of a Greek software operation.

“One of the things that was holding the company back over the last year or two was its connection to Greece,” said Freemantle of MFM Techinvest.

To contact the reporter on this story: Natasha Doff in London at ndoff@bloomberg.net

To contact the editor responsible for this story: David Risser at drisser@bloomberg.net

Also comment that Globo likely to benefit with blackberry break up and possibility of Good Technology of the US to float, which could show Globo's under valuation.

There may be some bid speculation surrounding todays' rise.