Globo joins AIM 100 index on the LSE

Technology developer Globo has joined the AIM 100 index on the London Stock Exchange, the company said Monday.

The group was added to the index following a quarterly review by the FTSE.

Globo's shares have also been added on the reserve list for the FTSE AIM UK 50 index.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

It comes after Globo said 2012 results were ahead of market forecasts with revenues expected to have risen by about 28% to €58m, compared to €45.3m in 2011.

"Being included in the FTSE AIM 100 index marks another milestone in the rapid development of Globo in the global enterprise mobility market, and reflects investor recognition of the major growth opportunity we have," Chief Executive Officer, Costis Papadimitrakopoulos, said.

Meanwhile, the firm has signed an exclusive distribution agreement in North America with Ingram Micro for its newly launched smartphone technology - Go!Enterprise - Enterprise Mobility in a Box.

"The launch of Go!Enterprise - Enterprise Mobility in a Box and the endorsement we have received from the world's leading mobile technology distributor have generated strong interest from many of our partners and prospects around the world," Papadimitrakopoulos added.

Shares rose 1.69% to 45.00p at 08:24 Monday.

RD