NETD.L Share News (NETD)

LONDON (Alliance News) - NetDimensions Holdings Ltd said Thursday that it has expanded its global services division in order to handle new client wins and larger deals.

The company said it has engaged in larger deals with companies that require a greater amount of post-sale services. To take advantage of increasing demand, it has restructured and expanded its service offerings.

Its professional services teams have been re-organised into a global service division, and George Walker has been hired to head up the division. Walker founded the Reed Professional Services organisation within recruitment company Reed.

NetDimensions will make some additional investment during the year to facilitate the reorganisation, including expanding headcount. It expects this investment to produce substantial revenue from 2015, it said.

"The expansion of the Global Services Division offers NetDimensions a real opportunity to grow revenues both from existing and new clients," said Chief Financial Officer Matthew Chaloner in a statement.

Shares in NetDimensions were trading down 0.4% at 69.75 pence Thursday afternoon.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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