ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

BOS Bos Glb Hldgs

0.90
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bos Glb Hldgs LSE:BOS London Ordinary Share AU000XINEAC2 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.90 0.65 1.15 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

BOS GLOBAL Holdings Limited Update on agreement to acquire 40% of Call Design (9328C)

21/04/2017 7:00am

UK Regulatory


Bos Glb Hldgs (LSE:BOS)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Bos Glb Hldgs Charts.

TIDMBOS

RNS Number : 9328C

BOS GLOBAL Holdings Limited

21 April 2017

BOS GLOBAL Holdings Limited

ACN 009 087 852

AIM Release

21 April 2017

Update on agreement to acquire 40% of Call Design

BOS GLOBAL Holdings Limited ("BOS" or "the Company") (AIM: BOS), the software developer focused on improving productivity and creating operational efficiencies in the workplace, is pleased to provide the following update on the conditional agreement to acquire a 40% interest in Call Design Pty Ltd, ("Call Design") (the "Investment") that was announced on 20 March 2017.

The Company advises that it has satisfied one of the major conditions precedent, having completed due diligence to the satisfaction of the Board. Accordingly the Company is proceeding toward settlement including finalising a Share Purchase Agreement with Call Design's shareholders. It is expected that completion will occur on or before 21 May 2017. Following completion, it is expected that Mr. Michael Travia will join the board of Call Design as a non-executive director to represent the 40% interest of BOS.

Call Design is a profitable, Australian based, global provider of workforce optimisation tools, focused particularly on call centre services, which has an established blue chip client base.

It is expected that the cash consideration of GBP280,000 will be funded through a drawdown on the Company's existing convertible loan note facility in place with Innovation Corporation Limited ("Convertible Facility"). The Convertible Facility, which was initially notified on 30 August 2016, currently has a balance available to be drawn down of GBP1,002,000. There will also be 5,040,000 Consideration Shares in BOS issued on completion.

The Company continues to work closely with Call Design, as a Platinum Reseller representing BOS Products worldwide, to deploy BOS products on a commercial basis and identify opportunities for sales of BOS products to Call Design's client base..

Michael Travia said "I am delighted at the progress of both Companies to reach this important milestone. As a member of Call Design's board I look forward to representing the significant investment and opportunity on behalf of the Company and our Shareholders, including assisting Call Design with its Board strategy to grow exponentially over the next three years."

Further Information

About Call Design and Investment Rationale

Call Design has been operational since 1999 and specialises in workforce optimisation solutions by providing support, personalised training, custom software development, and consulting services. As a 'Platinum Partner' of Aspect, the world's leading enterprise cloud contact centre provider, Call Design specialises in the deployment, integration, training and support of one of the world's premier Workforce Optimisation platforms. The provision of ongoing support services has enabled Call Design to build very strong and lasting relationships with its customers, and indeed most of the customers that Call Design started out with are still Call Design customers today.

Call Design has a multi-sector customer base, spread across 26 countries. It works with a significant number of global and leading banks and has a strong presence in Australia, the UK / Europe and the USA.

BOS has launched two software products, BOS Meet and BOS Automate, which automate processes in the workplace. These standalone software products will be integrated into the forthcoming BOS360 Work Patterns platform, which is on track to be launched in May 2017 and will improve the efficiency of an individual, team and organisation's daily activities so that businesses and government bodies can operate smarter. The results will:

-- Enable management to make fact based decisions and provide greater insight into how best to optimise teams - taking into account the myriad of variables such as: the volume and type of work activities, roles, social relationships, individual skills, experience and education to name a few

-- Provide workers with a tool-set that promotes more efficient work patterns and encourages them to focus on areas of activity that will have the greatest measurable impact on the business and overall productivity

Given the synergy between both companies' visions and the complementary suite of products and services, the Boards of BOS and Call Design believe that the Investment by BOS will provide significant cross-selling opportunities which are expected to positively impact the businesses of both companies.

For further information on Call Design please visit https://www.calldesign.com.au/

**ENDS**

For further information please visit www.bosglobal.com or contact:

 
 Michael Travia       BOS GLOBAL Holdings    Tel: +61 (0) 8 9322 
  Managing Director    Limited                4071 
                                              E: shareholder@bosglobal.com 
===================  =====================  ============================== 
 Oliver Morse         RFC Ambrian Limited    Tel: +61 (0) 8 9480 
  / Andrew Thomson                            2500 
  NOMAD 
===================  =====================  ============================== 
 Charles Goodfellow   Peterhouse Corporate   Tel: +44 (0) 20 
  / Lucy Williams      Finance Limited        7220 9791 
  Broker 
===================  =====================  ============================== 
 Elisabeth Cowell     St Brides Partners     Tel: +44 (0) 20 
  / Charlotte          Ltd                    7236 1177 
  Page 
  Financial PR 
===================  =====================  ============================== 
 

About BOS GLOBAL

BOS GLOBAL is a Software Company dedicated to making workplaces more productive.

It does this through its patented platform built to capture and analyse activities as a smart way to help individuals to achieve greater levels of workplace efficiency.

The platform known as BOS360 Work Patterns is unique in its ability to digitally render real time views of productivity in the form of Work Patterns at an individual, team or organisation level.

The platform comprises of three main business competencies;

1. Workplace Automation - How digital information (records and documents) is managed in the workplace.

   2.    Workplace Productivity - How people are spending their time at work 
   3.    Workplace Integrity - How workplace information is secured and validated. 

Each of these competencies are supported by a range of enterprise grade software products designed to perform a specific set of workplace functions. These products also act as both collectors and feeders of information to the BOS360 Platform for use in the generation of Work Pattern reports.

BOS GLOBAL will generate re-occurring income through subscriptions of its BOS360 Work Pattern platform and supporting products, as well as through licensing of its patented Work Pattern technology.

Company sales strategy is focussed on building a global distribution partner network via Enterprise Software Vendors, Professional Services organisations and Consulting Practices.

BOS GLOBAL Holdings Limited is a LSE AIM listed company incorporated in Australia, operating from offices in Melbourne, Sydney and Brisbane. Plans are well underway to increase its representation, with offices in London, San Francisco and Hong Kong in year 2017.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQPGUMACUPMUGG

(END) Dow Jones Newswires

April 21, 2017 02:00 ET (06:00 GMT)

1 Year Bos Glb Hldgs Chart

1 Year Bos Glb Hldgs Chart

1 Month Bos Glb Hldgs Chart

1 Month Bos Glb Hldgs Chart

Your Recent History

Delayed Upgrade Clock