TIDMGBO
RNS Number : 1643G
Globo plc
27 January 2010
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| FOR IMMEDIATE RELEASE | 27 January 2010 |
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GLOBO plc
CITRONGO! CONTRACT WITH A MULTI-MILLION
SUBSCRIBERS MOBILE NETWORK OPERATOR
Globo plc ("Globo" or "the Group"; LSE-AIM: GBO), the international IT, S.a.a.S
and mobile solutions group, is delighted to announce that it has entered into a
contract for the provision of its mobile CitronGO! suite to one of the largest
mobile network operators (the "Network Operator") in South East Asia, with
approximately 85 million subscribers.
CitronGO! is expected to be launched later this month. Globo will provide
CitronGO! as Software as a Service (S.a.a.S) and will receive a net monthly fee
of EUR1.20 to EUR2.10 (depending on subscription plan) per customer that subscribes
to CitronGO!.
CitronGO! will be marketed by the Network Operator through a number of channels,
including targeted SMS messaging to its base of users with mobile internet
subscriptions as well as to its general subscriber base via its Interactive
Voice Response platform. Further marketing initiatives are anticipated.
Initial revenue generation is expected to commence during the first half of the
current year with a progressive build-up as the year progresses and beyond.
The contract is for an initial two year period with automatic renewal
thereafter.
Costis Papadimitrakopoulos, CEO, commented:
"We are delighted to announce our first major contract for CitronGO! with one of
the largest mobile network operators in South East Asia.
"This contract sets a major starting point for Globo's international expansion.
Furthermore it represents a significant and independent validation of our
product offering at a time when the group is engaged in ongoing negotiations
with mobile network operators in several countries worldwide. We look forward to
reporting further developments."
Ends
Note to editors:
CitronGO! redefines mobility in communication and is an open, 'cloud', mobile
communications platform solution which enables users to interact with multiple
services including e-mail, contacts, calendar and social networking at any time,
any place and using any connected device.
CitronGO! has been developed from
Globo's existing e-business, communications and SaaS proprietary technologies.
The key features include:
* All applications integrated onto a single screen - including social networking
sites;
* Synchronises data over the air (OTA) to provide:
-push email, contacts, calendars supporting all major providers
-instant messaging (supporting the major I.M. providers)
-File and folders web storage 'cloud'
-Social networking accounts (supporting the major social networks)
CONTACTS
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| Globo plc | +30 210-646-6008 |
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| Costis Papadimitrakopoulos, CEO | |
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| Dimitris Gryparis, Finance Director | |
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| | |
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| NCB Stockbrokers Limited (Nomad) | +44 20-7071-5200 |
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| Christopher Caldwell or Barclay Clibborn | |
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| Astaire Securities Plc (Joint Broker) | |
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| Ruari McGirr | +44 20-7448-4454 |
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| | |
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| Daniel Stewart & Company Plc (Joint | +44 20-7776-6550 |
| Broker) | |
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| Christopher Theis | |
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| | |
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| Bankside | +44 20-7367-8888 |
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| Steve Liebmann, Simon Bloomfield or Andy | |
| Harris | |
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About Globo
GLOBO plc was admitted to AIM in December 2007. Founded in 1997 by Konstantinos
Papadimitrakopoulos and headquartered in Halandri (a suburb of Athens), Globo
has established itself as one of the market leaders in the Greek ICT market. It
provides e-business and telecom software products and related services to the
private and governmental sectors in Greece as well as developing and operating
broadband wired and wireless networks. It has developed to become one of the
largest e-business software and SaaS. vendors in Greece. More recently, the
Group has formed a new business unit, Globo Mobile, to deliver its mobile
communications strategy. For further information please go to www.globoplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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