Progressive Digital Media

Progressive Digital Media (LSE: PRO), previously TMN Group and themutual.net, was established in 1999 and has been listed on the London Stock Exchange since 2000. The group is chaired by Mike Danson.

Progressive Digital Media (PDM) is a digital media company providing specialist solutions and support to varied companies, bodies and organisations. Its portfolio includes products in a broad range of scientific, industrial and professional areas.

Its corporate headquarters are based in London and it also has offices across the UK, US, Argentina, South Korea, Mexico, China, Japan, India and Australia.

Recently in 2014 Progressive media acquired current analysis Inc.

Background

PDM was founded in 2007 as a holding company for a set of media assets purchased from Wilmington PLC (LSE: WIL); it expanded further by a series of acquisitions, purchasing Business Review from Datamonitor PLC in July 2008,[1] followed in November 2008 by acquiring the entire share capital of SPG Media Group PLC (LSE: SPM).[2]

In 2009, PDM gained a listing on AIM via a reverse takeover of TMN.

History

themutual.net started as an internet service provider who rewarded customers who used their dial-up 0845 number service to access the internet with shares in the company.[3] As most UK internet provider moved towards a monthly paid-for access via free 0800 numbers, companies based on this business model suffered.[4] themutual.net changed its focus to become a members-owned consumer club, business and reward website. The company offered consumers rewards for shopping, by handing back commission earned as free shares. Members received 1,000 free shares on joining, and more when they purchased through online partners, including Tesco and Dixons. Information collected from members formed the basis of a database for the direct email marketing company.

themutual.net was originally listed on the London Stock Exchange (AIM) in 2000[5] before later being re-listed as TMN Group plc.

In 2009, TMN was acquired via a reverse takeover by Progressive Digital Media Ltd,[6] and changed its name to Progressive Digital Media Group Ltd.

References

  1. ↑ http://www.progressivedigitalmedia.com/pdfs/PDM_Interim%20Statement.pdf
  2. ↑ "FE Investegate |Progressive Capital Announcements | Progressive Capital: Offer for SPG Media Group Plc". Investegate.co.uk. Retrieved 2012-05-30.
  3. ↑ Thu, 17 Aug 2000 (2000-08-17). "Themutual and Totalise hope to net more users | Archive". Marketing Week. Retrieved 2012-05-30.
  4. ↑ http://www.theregister.co.uk/2002/02/08/totalise_is_bust_founder_mops/
  5. ↑ "Company Details". AIM Listing.co.uk. 2000-06-30. Retrieved 2012-05-30.
  6. ↑ "Danson Set For Digital Marketer TMN Group Reverse Takeover — paidContent". Paidcontent.org. 2009-06-08. Retrieved 2012-05-30.

External links

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