Globo plc

Globo
Public
Traded as GBO.LN
ISIN GB00B282VW04
Industry Enterprise mobility management
Mobile application development
Founded 1997
Founder Costis Papadimitrakopoulos
Headquarters London, United Kingdom
Revenue $121 million
$43 million
$40 million
Number of employees
 470
Website Globo

Globo Plc provides enterprise mobility management (EMM) and mobile application development (MADP) software and services.[1]

Globo is listed on the London Stock Exchange's AIM market (GBO: LN)"Share price information". Retrieved 27 January 2015.  Globo acquired Notify Technology[2] in October 2013, adding Mobile Device Management (MDM) capabilities to its EMM product offering and expanding its operations in the USA.[3] In June 2014, Globo acquired Sourcebits, a designer and developer of apps.[4]

On 23 October 2015, trading in Globo shares was suspended. On 26 October, CEO Konstantinos Papadimitrakopoulos and CFO Dimitris Gryparis resigned, having informed the board of directors about "certain matters regarding the falsification of data and misrepresentation of the company's financial situation". Globo stated that they would appoint an independent forensic accounting team to investigate allegations raised by Quintessential Capital Management, an American hedge fund. On 22 October, Papadimitrakopoulos sold 42 million shares.[5] Zero Hedge noted that these events showed that "the company was a pure fraud as so many short sellers had claimed in the past".[6]

Industry Recognition

For its EMM product line, the company was recognized as a Niche player in Gartner’s first Magic Quadrant report for EMM[7] in 2014 & 2015[8] as well as in Ovum’s 2014-2015 Decision Matrix report for EMM.[9]

For its MADP product line, the company was recognized as a Challenger in Gartner's 2015 MADP magic quadrant report,[10] in Gartner's 2015 Critical Capabilities for MADP report,[11] and in Ovum’s 2015-2016 Decision Matrix report for MADP.[12]

References

  1. ↑ Madden, Jack (21 March 2014). "Globo GO!Enterprise is bringing together mobile apps, MDM, and an app-development platform. Could this be their ticket to the big time?". Brianmadden. Retrieved 27 January 2015.
  2. ↑ Gwinnett, Giles (8 October 2014). "Globo's Notify acquisition bolsters its Go!Enterprise technology". proactive investors USA & Canada. Retrieved 27 January 2015.
  3. ↑ Xavier, Jon (12 May 2014). "Globo to move headquarters to Silicon Valley from Greece in bid for U.S. market (and better weather)". Silicon Valley Business Journal. Retrieved 27 January 2015.
  4. ↑ Shieber, Jonathan. "Globo Buys Sourcebits In Push For U.S. Mobile App Development Market". Tech Crunch. Retrieved 27 January 2015.
  5. ↑ "Globo Plc's CEO and CFO quit after disclosing 'irregularities'". Reuters. 26 October 2015. Retrieved 26 October 2015.
  6. ↑ "Globo CEO Admits He "Falsified Data" After Short-Seller Report, Resigns; But First Sells 40 Million Shares". Zero Hedge. 26 October 2015. Retrieved 26 October 2015.
  7. ↑ "Magic Quadrant for Enterprise Mobility Management Suites". Gartner.com. 3 June 2014.
  8. ↑ "Magic Quadrant for Enterprise Mobility Management Suites". www.gartner.com. Retrieved 2015-09-01.
  9. ↑ Absalom, Richard (17 September 2014). "2014-2015 Decision Matrix report for EMM". Ovum.com.
  10. ↑ "Magic Quadrant for Mobile Application Development Platforms". www.gartner.com. Retrieved 2015-08-18.
  11. ↑ "Critical Capabilities for Mobile Application Development Platforms". www.gartner.com. Retrieved 2015-08-18.
  12. ↑ "Ovum Decision Matrix: Selecting a Mobile App Development Platform Solution, 2015–16". Ovum.com. 16 February 2015.
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