EUR 3.4m government contractDecember 21, 2007
21 December 2007
FOR IMMEDIATE RELEASE FRIDAY, 21 December 2007
GLOBO plc €3.4 million contract for digitalisation of Greek state archives
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 a
€3.4 million contract with the Greek Ministry of National Education & Religious
Affairs for the digitalisation and documentation of General State Archives.
Globo, through a 50:50 partnership with digitalisation service provider AMS,
will provide specialised software, services and equipment for digitalising and
documenting historical and cultural archives dealing with modern and
contemporary Greek history and culture.
A total of 7.2 million documents will be digitalised and 500,000 archive units
documented using digitalisation systems to be installed in over 40 local offices
of General State Archives throughout Greece. The project will rely on Globo
software products such as "CITRON Digital Library" and book scanners and
microfilm archive writers from Zeutschel GmbH for which Globo is sole agent for
Greece and Cyprus.
This is a one year project with the bulk of the revenues being earned in 2008.
Costis Papadimitrakopoulos, Managing Director, commented:
"Globo’s success in winning this high profile and significant contract builds on
our existing relationship with the Ministry of National Education & Religious
Affairs for which we have completed three other projects. It is our largest
contract to date and positions us well for other similar digitalisation projects
planned by the Greek government. It also reflects our leading position in Greece
as a provider of end-to-end e-business and digital asset management solutions to
private and public organisations and the continuing strong demand for our
products and service."
Brett Miller, Non-executive Chairman +44 (0) 20-7584-3663
Costis Papadimitrakopoulos, Managing Director +30 210-646-6008
Dimitris Gryparis, Finance Director +30 210-646-6008
Bankside +44 (0) 20-7367-8888
Simon Bloomfield or Steve Liebmann
NCB Stockbrokers Limited (Nomad & Joint Broker) +44 (0) 20 7071 5200
Jonathan Gray or Julius Bozzino
Insinger de Beaufort (Joint Broker) +44 (0) 20 7190 7031
GLOBO plc was admitted to AIM on 14 December 2007 having raised £3.1 million via
a placing of shares with institutional investors.
Found 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 vendors in Greece.
Globo has expanded upon its service offering and has developed valuable IPR
assets in the form of its e-business and broadband access technologies and has
also developed proprietary software platforms using both its own in-house
capabilities and the contracted services of third party technology providers.
Globo also purchases technology solutions and services that can be integrated
into its own products. These integrated software solutions and related services
are sold to private and Governmental organisations, primarily on a project
basis, through sales developed directly by Globo’s own personnel. In addition,
Globo has won contracts from large corporate clients and works closely with
solution providers and sales channel partners to win contracts from the Greek
Globo develops its own software products. Globo’s development processes are ISO
9001-2000 certified and a group of 11 skilled developers are engaged in the
production, maintenance and support of the software products. Additionally,
Globo tailors its products to clients’ needs using an additional team of 19
contractor technicians and developers.
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 cus
tomers. 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.
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 product groups, the e-business and broadband access, are offered
as a software licence or S.a.a.S.
This information is provided by RNS
The company news service from the London Stock Exchange