NEW YORK, June 2, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Globo Plc (AIM: GBO; OTCQX: GOBPY), a global provider of enterprise mobility software solutions and software-as-a-service ("SaaS"), has been approved to have its American Depositary Receipts (ADRs) trade on the OTCQX® Best Marketplace.
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Globo plc begins trading today on OTCQX under the symbol "GOBPY," where each ADR represents 20 ordinary shares. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Globo plc has been rapidly expanding its U.S. presence, bringing its award-winning mobile app development and device management solutions to American businesses and their employees and clients," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are thrilled to welcome Globo to the OTCQX marketplace which will help the company efficiently increase its visibility with U.S. investors, its customers and the public."
"We are delighted to have our ADRs quoted on the OTCQX International market, which will facilitate ownership for a broader range of investors," said Costis Papadimitrakopoulos, Founder and CEO of Globo. "This will increase awareness of Globo's strategy and progress amongst the U.S. investment community, where we have found strong interest. The U.S. market for mobility enterprise services is highly-developed and attractive. Globo has increased its presence in the region by establishing U.S. headquarters in Palo Alto, California, and the recent acquisitions of Notify Technology Inc. and Sourcebits Inc., and also the recent addition of development facilities in Pittsburgh, Ohio."
BNY Mellon serves as Globo's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Globo Plc is a global provider of complete enterprise mobility software solutions and SaaS. The company's GO!Enterprise (EMM) and GO!AppZone (MADP) offerings help businesses expand their engagement with employees and customers through the mobile channel via a secure and extensible environment that runs on all smart devices. The Group operates internationally through subsidiaries and offices in U.S., U.K., Europe, Middle East and South East Asia. Globo was recognized in the 2014 Gartner Enterprise Mobility Management Magic Quadrant report, Ovum's 2014-15 Decision Matrix for EMM Solutions and Ovum's 2015-16 Decision Matrix for MADP.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.
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