RNS Number : 5445P
Globo plc
02 October 2013
 



FOR IMMEDIATE RELEASE

 

2 October 2013

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..."

 

END

 

 

CONTACTS



RBC Capital Markets

+44 20-7653-4000

(Nominated Adviser & Broker)


Stephen Foss, Pierre Schreuder or Daniel Conti




Bankside Consultants

+44 20-7367-8888

Fiona Scholes

 


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCNKBDDDBDDBKK