Η GLOBO, (LSE-AIM: GBO), an international provider of enterprise mobility management solutions and Software as a Service, announces the acquisition of the services division of Sourcebits Inc, ("Sourcebits"), a company that develops mobile applications for large companies.
This acquisition will reinforce GLOBO's strategic priority, strengthen its presence in the enterprise mobility market and accelerate its dynamic and growth in mobile applications. The experience, skills and know-how of Sourcebits' human resources in mobile application development enhance GLOBO's unique GLOBO product platform that covers a whole range of company needs and integrates enterprise mobility management (GO! Enterprise) and mobile apps management (GO! AppZone).
At the same time, this acquisition will expand GLOBO's operations in North America by creating a new revenue channel that comes from designing and deploying mobile applications and providing consulting services around them.
Sourcebits was founded in 2006 and employs 167 employees and consultants. It is headquartered in San Francisco, where it has the largest volume of development, sales and marketing, while operating a specialized application development and technical support center in Bangalore, India. He has proven experience in designing and developing applications on different platforms as he has already developed more than 500 for mobile, web and desktop, while more than 30 have been included in the top 10 of their kind in the global application marketplaces, such as iTunes. Sourcebits' customers include Intel, SAP, P&G, The Coca-Cola Co., Bank of America, Columbia University and Hershey's, significantly expanding GLOBO's existing customer base.
Sourcebits has been recognized by both Forrester and Gartner for the quality of its services and has been named by the latter as "Cool Vendor" in the April 2014 survey "Cool Vendors in Services 2014".
Kostis Papadimitrakopoulos, Founder and Chief Executive Officer of GLOBO commented:
"This new acquisition, which followed that of Notify Technology last October, confirms our clear orientation in the US market while also gaining access to Sourcebits' know-how and customer base. Having the strong financial results and our current track record, we are convinced and excited about our future success. "
George is still wondering what he is doing here….
