Progressive Digital Media

GlobalData Plc, is a digital media company that was established in 1999 and has been listed on the London Stock Exchange since 2000. It was previously called Progressive Digital Media and before that, the TMN Group. Its corporate headquarters are in London, and it also has offices across the UK, US, Argentina, South Korea, Mexico, China, Japan, India and Australia. The group is chaired by Bernard Cragg, former finance director of Carlton TV, and the company founder, Mike Danson, is CEO.[1] Danson was also one of the founders of Datamonitor.

Progressive media acquired Current Analysis Inc in 2014.

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,[2] followed in November 2008 by acquiring the entire share capital of SPG Media Group PLC (LSE: SPM).[3]

In 2009, the listed marketing services business TMN, which was chaired by former Datamonitor non-executive director Peter Harkness, was acquired via a reverse takeover by Progressive Digital Media Ltd,[4] and changed its name to Progressive Digital Media Group Ltd. Harkness stayed on the Board as a non-executive and remains so today.

In January 2016 PDM bought the GlobalData Holding Ltd business and changed its own name to GlobalData PLC.[5]

LSE page on Global Data PLC (DATA) shares

References

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