Globo plc

Globo

Company type	Public
Traded as	GBO.LN
ISIN	GB00B282VW04
Industry	Enterprise mobility management Mobile application development
Founded	1997
Founder	Costis Papadimitrakopoulos
Fate	Dissolved January 2017.
Headquarters	London , United Kingdom
Products	GO!Enterprise
Revenue	$121 million
Operating income	$43 million
Net income	$40 million
Number of employees	470
Website	Globo

GLOBO plc was a company that provided enterprise mobility management (EMM) and mobile application development (MADP) software and services.^[1] Globo was listed on the London Stock Exchange's AIM market (GBO: LN) Archived 2014-11-20 at the Wayback Machine"Share price information". Archived from the original on 2 February 2015. 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. According to an official announcement of the Company on 26 October 2015, "Mr. Papadimitrakopoulos advised the Company that up to 22 October 2015 he has sold 42,049,655 shares of GLOBO plc". The company was dissolved in January 2017.^[5][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 overview - Find and update company information - GOV.UK".
6. "Investegate |Globo plc Announcements | Globo plc: Director share dealings". www.investegate.co.uk. Retrieved 2021-11-25.
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.

External links

• Official website