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Contract Wins

7th May 2013 07:00

RNS Number : 0470E
Digital Globe Services Limited
07 May 2013
 

Embargoed for release at 7am

7 May 2013

 

 

Digital Globe Services, Ltd.

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

Contract Wins

 

Digital Globe Services, Ltd. (AIM: DGS), a leading provider of online customer acquisition solutions for large, consumer-facing organisations, is pleased to announce recent contract wins in all three areas of its growth strategy; extending its remit within current US cable customers, winning new customers in additional geographies outside the US, and securing new customers in industries outside of the cable and telecoms industries. The Board is encouraged both by these new customer wins and continuing strong trading since the time of the Company's IPO on AIM in February 2013. DGS expects to provide an update on trading for the year ending 30 June 2013 later this month.

 

Of particular note has been the expansion of a significant existing relationship with a major cable and telecoms client through the signing of a new direct contract to provide online customer acquisition solutions across its entire US footprint. DGS had previously provided customer acquisition services to the client via an indirect relationship. This new direct contract is an expansion both of the geographical remit of the contract and the services covered and reflects the success of DGS's online customer acquisition services to the client to date. While at an early stage of implementation, the Board is optimistic about the implications of this extended contract for this year and beyond.

 

The Company has also secured a strong level of new business in additional geographies outside of the US. Recent client wins have included DISH Mexico and TVCable Ecuador and DGS is in advanced stages of discussions with additional cable providers in Latin America. DGS will be expanding these companies' online customer acquisition channel in their local markets.

 

DGS has also recently won additional clients in new industry verticals within the US, including in the areas of home monitoring and security, retail insurance and solar energy.

 

These wins underline both the appeal of DGS's customer acquisition platform to clients not only in the US cable and telecoms market, in which DGS is a recognised value-adding service provider, but also in multiple geographies and across other industries. Accordingly the Board remains confident of the Company's prospects including the continuing diversification of its client base.

 

Jeff Cox, CEO of Digital Globe Services, commented,

 

"We are delighted to be making such good progress against the objectives we stated at the time of our IPO earlier this year, securing a good level of new business both in the US and internationally. Our focus on having the premier technology platform for pricing and procuring paid search advertising played a key part in the winning of these new customers and we believe provides us with a significant competitive advantage in what is a growing area of the internet advertising industry. With a growing number of businesses seeking to outsource their online customer recruitment activities, DGS is confident of continued success."

 

For further information please contact:

 

Digital Globe Services, Ltd.

 www.dgsworld.com

Jeff Cox, CEO

+1 303 736 2105

Bruce Casely, CFO

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 Castle Rock, Colorado, USA, DGS is a specialist provider of outsourced online customer acquisition solutions for large, consumer-facing corporations. DGS delivers customers to its clients through optimised paid search, integrated websites and contact centre support, receiving a fee 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 and internationally. 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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