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Corporate Structure Changes

27 Jun 2013 07:00

RNS Number : 9622H
Digital Globe Services Limited
27 June 2013
 

Embargoed for release at 7am

27 June 2013

 

Digital Globe Services, Ltd.

(the "Company" and together with its subsidiaries "DGS")

 

Corporate Structure Changes

 

Digital Globe Services, Ltd. (AIM: DGS), a leading provider of online customer acquisition solutions for large, consumer-facing organisations, is pleased to announce that it has completed a corporate restructure in order to align its internal operating structure more closely with the anticipated growth of the business in Western Europe.

 

To support its UK presence and shareholder base, DGS has opened an office in the United Kingdom and moved its centre of management and control from Bermuda to the United Kingdom effective June 26, 2013. As of this date, DGS has become a tax resident of the United Kingdom, however the registered office will remain in Bermuda.

 

The new structure also de-risks DGS's operations in Cyprus which are in the process of being wound down. DGS maintains nominal funds in Cyprus and was not subject to seizure of any bank accounts in connection with the EU bailout of the Cyprus banking sector.

To support its European and South American operations expansion, the Company has also incorporated a new intermediate holding company, DGS Worldwide BV, a Dutch company, which will be responsible for DGS's worldwide operations outside of North America.

 

 

 

For further information please contact:

 

N+1 Singer

Shaun Dobson / Aubrey Powell/ Matt Thomas

+44 20 7496 3000

Newgate Threadneedle

+44 20 7653 9850

Caroline Evans-Jones / Josh Royston / Hilary Millar

Overview of DGS

 

Founded in 2008 and headquartered in the United Kingdom with offices in Castle Rock, Colorado, USA, Germany and The Netherlands, DGS is a specialist provider of outsourced online customer acquisition solutions for large, consumer-facing corporations. DGS delivers customers to its clients through a proprietary technology platform that optimizes paid search, integrated websites and contact centre support, providing a competitive advantage in earning fees for each customer acquired for its clients.

 

DGS is seeking to establish itself as the leading international provider of outsourced online customer acquisition services, through its focus on having the premier technology platform for pricing and procuring paid search advertising on a cost effective basis. Paid search refers to the auction process for key search terms that search providers run and in which prospective advertisers, or their agents, compete in order to have their advertising or search results displayed.

 

By using its optimizing technology platform, dgSmart, and its experience of website management, efficient contact centre operations and other process expertise, DGS is able to bid appropriately and cost effectively for search terms in order to achieve conversion rates that deliver profitable, high quality customers to its clients.

 

DGS employs approximately 430 staff both in North America, Europe and Asia. The Company currently has over 30 direct and indirect client relationships globally, many of which are with companies in the US Fortune 500. In 2012, DGS commenced operations in Canada and Mexico, and is pursuing further growth opportunities in Latin America, Europe, and Asia Pacific. DGS has also recently started providing its customer acquisition services to the electric utility industry and renewable energy sector, and is examining additional opportunities in the insurance, retail banking, and consumer technology sectors.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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