Source - RNS
RNS Number : 3068I
BOS GLOBAL Holdings Limited
16 June 2017
 

BOS GLOBAL Holdings Limited

ACN 009 087 852

 

AIM Release

16th June 2017

 

Sale of 75% interest in Copper Range and Marketing update

 

BOS GLOBAL Holdings Limited ("BOS GLOBAL" or "the Company") (AIM: BOS), the software developer focused on improving productivity and creating operational efficiencies in the workplace with "Workplace Analytics", is pleased to announce that it has successfully completed the sale of its non-core, historic 75% interest in Copper Range (SA) Pty Ltd ("CRSA").  The gross proceeds received by the Company amounts to £380,000 cash.

 

Further information relating to this can be found in the announcements dated 12 May 2017 and 6 February 2017. 

 

The Company is also pleased to provide an update on its active marketing strategy:

·     An updated Corporate Presentation has been published on its website www.bosglobal.com

·     BOS GLOBAL will be attending the HR & Workforce Analytics Summit being held in San Francisco 19-20 June 2017 (https://theinnovationenterprise.com/summits/hr-workforce-analytics-summit-san-francisco-2017)

·     The Company will be a Platinum Sponsor of the Big Data Summit (www.bigdatasummit.co) to be held at the Melbourne Convention Centre in Australia, 20-22 August 2017.  Further details relating to this will be made available closer to the event date.

 

BOS Managing Director Michael Travia said, "We are delighted to have completed the sale of BOS' interest in these non-core, historic CRSA tenements.  This sale is reflective of the fact that our focus is solely on the roll-out and development of our integrated suite of software.  To this end, we continue to focus on driving sales and uptake of our launched BOS products, converting existing trials with implementations underway in Australia, London UK, Manila Philippines and San Francisco USA this month alone.  In support of this, we are pleased to confirm our attendance at two major industry events, which will provide valuable platforms through which we can further promote our BOS360 Work Patterns products and Workforce Analytics capabilities.  Collectively, the BOS people and Company have laid a great foundation to build on and we look forward to the significant growth opportunities ahead."  

 

**ENDS**

 

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

Michael Travia

Managing Director

BOS GLOBAL Holdings Limited

Tel: +61 (0) 8 9322 4071

E: [email protected]

Andrew Thomson

NOMAD

RFC Ambrian Limited

Tel: +61 (0) 8 9480 2500

Charles Goodfellow / Lucy Williams

Broker

Peterhouse Corporate Finance Limited

Tel: +44 (0) 20 7220 9791

Megan Dennison / Charlotte Page

Financial PR

St Brides Partners Ltd

Tel: +44 (0) 20 7236 1177

 

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 Platform as a Service ('BOS360 PaaS'), launched in May 2017, 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 PaaS for use in the generation of Work Pattern reports and Workplace Analytics.

 

Since May 2017, BOS GLOBAL has six revenue generating products - BOS Meet, BOS Time, BOS360 PaaS and BOS Automate Suite since its first product launch (BOS Meet) in December 2016. For more information of how BOS products can help your workforce increase efficiency and productivity visit www.bos-360.com   

 

BOS GLOBAL aims to generate re-occurring income through subscriptions of its BOS360 PaaS and supporting products, as well as through licensing of its patented Work Pattern technology.  The Company's sales strategy is focussed on building a global distribution partner network via Enterprise Software Vendors, Professional Services organisations and Consulting Practices.

 

The Company has a 40% equity interest in Call Design Pty Ltd, a profitable, Australian based, global provider of workforce optimisation tools, focused particularly on call centre services, which has an established blue chip client base.  This highly synergistic investment is expected to provide multiple cross-selling opportunities to both companies in line with BOS GLOBAL's strategy to deliver a comprehensive business optimisation offering globally.  This investment includes the 1st Rights of Offer and Refusal for BOS to acquire the balance of Call Design on the same financial terms as the initial 40% investment

 

Call Design sets a new standard for Workplace Optimisation, while BOS GLOBAL's software sets a new standard for Workplace Efficiency.  Both products will be offered through BOS360 PaaS, setting a new standard for Workplace Analytics to give companies greater control in making informed, fact-based decisions on their operational activities; Workforce Analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimise human and machine resources.

 

BOS GLOBAL Holdings Limited is an AIM listed company incorporated in Australia, operating from offices in Melbourne, Sydney and Brisbane.  The Company also has a regional office in Hong Kong, responsible for the Asia-Pacific region and processing of large scale enterprise product sales with a greater than US$20 million revenue stream over an initial three-year contract term.  Such deals include acquisitions and investments like the size of Call Design.

 

The Company is working towards its expanded London Office with its planned move of both Corporate and Board function to London in late 2017. Further, plans are well underway to increase its representation in Europe, the Middle East and Africa (EMEA) and North America with that of Call Design, and with offices on track to be established in 2017 in London and San Francisco respectively.

 

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

 

 


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