Globo plc explained

Globo
Type:	Public
Traded As:	GBO.LN
Industry:	Enterprise mobility management Mobile application development
Fate:	Dissolved January 2017.
Foundation:	1997
Founder:	Costis Papadimitrakopoulos
Location City:	London
Location Country:	United Kingdom
Products:	GO!Enterprise
Revenue:	$121 million
Operating Income:	$43 million
Net Income:	$40 million
Num 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) Web site: Share price information . 27 January 2015 . 2 February 2015 . https://web.archive.org/web/20150202032018/http://www.globoplc.com/en-GB/share-price-information . dead . 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]

External links

• Official website

Notes and References

1. News: Madden . Jack . Globo GO!Enterprise is bringing together mobile apps, MDM, and an app-development platform. Could this be their ticket to the big time? . Brianmadden . 21 March 2014 . 27 January 2015 .
2. News: Gwinnett . Giles . Globo's Notify acquisition bolsters its Go!Enterprise technology . proactive investors USA & Canada . 8 October 2014 . 27 January 2015 .
3. News: Xavier . Jon . Globo to move headquarters to Silicon Valley from Greece in bid for U.S. market (and better weather) . Silicon Valley Business Journal . 12 May 2014 . 27 January 2015 .
4. News: Shieber . Jonathan . Globo Buys Sourcebits In Push For U.S. Mobile App Development Market . Tech Crunch . 27 January 2015 .
5. Web site: GLOBO PLC overview - Find and update company information - GOV.UK .
6. Web site: Investegate Globo plc Announcements Globo plc: Director share dealings. 2021-11-25. www.investegate.co.uk.
7. Web site: Magic Quadrant for Enterprise Mobility Management Suites . Gartner.com . 3 June 2014 .
8. Web site: Magic Quadrant for Enterprise Mobility Management Suites. www.gartner.com. 2015-09-01.
9. Web site: Absalom . Richard . 2014-2015 Decision Matrix report for EMM . . 17 September 2014 .
10. Web site: Magic Quadrant for Mobile Application Development Platforms. www.gartner.com. 2015-08-18.
11. Web site: Critical Capabilities for Mobile Application Development Platforms. www.gartner.com. 2015-08-18.
12. Web site: Ovum Decision Matrix: Selecting a Mobile App Development Platform Solution, 2015–16 . Ovum.com . 16 February 2015 .