ContractsJanuary 24, 2008
24 January 2008
FOR IMMEDIATE RELEASE THURSDAY, 24 January 2008
Globo plc wins contracts for €1.02 million
for three Greek Chambers of Commerce
Globo plc ("Globo" or the "Company"; LSE-AIM: GBO), a leader in the Information
and Communications Technology market in Greece, announces that it has signed
contracts with the Chambers of Commerce of Lakonia, Argolida and Viotia for an
aggregate value of €1.02 million.
Globo will develop specialised business web portals as well as B2B and B2C e-
commerce platforms. These web portals and platforms will act as e-business
centres enabling members to find business information and seek potential
collaborations, as well as facilitating online transactions. The platforms will
incorporate Globo software products, such as "CITRON Business Operating System"
and "MarketLine E-Commerce Suite", with extensions to the Chambers’ backoffice
systems being provided by "SGA – G. Avramidis" (a specialised software company
from Thessalonica) and representing 20 per cent of the total value of the
These are one year projects with the bulk of the revenues being earned in 2008.
Costis Papadimitrakopoulos, Managing Director, commented:
"Globo’s success in winning these significant contracts reflects the company’s
expertise and leading role in developing specialised software platforms for E-
Business and E-Commerce. By enabling local enterprises and SMEs to utilise the
advantages offered by Globo’s software products, we believe that these projects
will contribute to the economic development of the regions concerned."
Costis Papadimitrakopoulos, Managing Director +30 210-646-6008
Dimitris Gryparis, Finance Director +30 210-646-6008
Bankside +44 20-7367-8888
Simon Bloomfield or Steve Liebmann
NCB Stockbrokers Limited (Nomad & Broker) +44 20-7071-5200
Christopher Caldwell or Jonathan Gray
Found in 1997 by Konstantinos Papadimitrakopoulos and headquartered in Halandri
(a suburb of Athens), AIM-listed 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
vendors in Greece.
The three components of the Globo Group’s key software revenue stream are
• products and services that facilitate e-business;
• products and services that enable access to broadband; and
• resale of third-party goods
The first two of these product groups, the e-business and broadband access, are
offered under a software licence or as S.a.a.S.
Globo’s products are used by private and public organisations that include more
than 600 corporate and SME clients and more than 60 public sector clients. They
are also sold through 14 value added resellers to a large number of indirect
customers. Globo’s direct private sector customers include Xerox, National Bank
of Greece, Velti, Group Marinopoulos and the University of Brighton.
Globo’s public sector customers in Greece include the Ministry of Foreign
Affairs, the Ministry of National Education and Religious Affairs, the
Municipalities of Halandri and of Maroussi and the Hellenic parliament.
Globo’s e-Business platform, as well as its e-Commerce and broadband access
technology products have been successfully marketed and operated in Greece, UK,
Ireland, France, Belgium, Cyprus, Romania, Bulgaria, Spain and Italy.
This information is provided by RNS
The company news service from the London Stock Exchange