American software firm targets February AIM admission

Online customer acquisition business Digital Globe Services has outlined plans to join the Alternative Investment Market in the first quarter of 2013.

Digital Globe Services (DGS) will attempt to raise between $15 million (£9.5 million) and $20 million through a listing on London’s junior stock exchange.

The US-based business is planning a mid-February listing on the Alternative Investment Market (AIM) and will raise capital to accelerate the expansion of the business into new geographical markets and industry verticals.

DGS provides online customer acquisition services through paid search, integrated websites and call centre support. The business says it is hoping to establish itself as the ‘leading provider’ of outsourced acquisition.

Founder and chief executive Jeff Cox says that trading in the company’s current year is ‘progressing well’.

He adds, ‘We believe that given the robust fundamentals of the business, our leading proprietary technology and strong growth drivers, now is the right time to IPO as we extend our business into new geographies and industries.

‘We are looking forward to further extending our early client success in Latin America, a geography which we believe holds much potential for DGS, and beyond.’

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DGS claims that it has been profitable for every quarter since 2009 and for the 12-month period to December grew revenue by 65 per cent.

Cox believes that an offering will increase the profile of the Colorado-headquartered business and provide continued access to capital.

‘We believe that there is an attractive IPO market in the UK for high quality, profitable, cash-generative businesses, and we look forward to a successful future as a public company.’

Hunter Ruthven

Hunter Ruthven

Hunter was the Editor for from 2012 to 2014, before moving on to Caspian Media Ltd to be Editor of Real Business.

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