TIDMBOS
RNS Number : 9328C
BOS GLOBAL Holdings Limited
21 April 2017
BOS GLOBAL Holdings Limited
ACN 009 087 852
AIM Release
21 April 2017
Update on agreement to acquire 40% of Call Design
BOS GLOBAL Holdings Limited ("BOS" or "the Company") (AIM: BOS),
the software developer focused on improving productivity and
creating operational efficiencies in the workplace, is pleased to
provide the following update on the conditional agreement to
acquire a 40% interest in Call Design Pty Ltd, ("Call Design") (the
"Investment") that was announced on 20 March 2017.
The Company advises that it has satisfied one of the major
conditions precedent, having completed due diligence to the
satisfaction of the Board. Accordingly the Company is proceeding
toward settlement including finalising a Share Purchase Agreement
with Call Design's shareholders. It is expected that completion
will occur on or before 21 May 2017. Following completion, it is
expected that Mr. Michael Travia will join the board of Call Design
as a non-executive director to represent the 40% interest of
BOS.
Call Design is a profitable, Australian based, global provider
of workforce optimisation tools, focused particularly on call
centre services, which has an established blue chip client
base.
It is expected that the cash consideration of GBP280,000 will be
funded through a drawdown on the Company's existing convertible
loan note facility in place with Innovation Corporation Limited
("Convertible Facility"). The Convertible Facility, which was
initially notified on 30 August 2016, currently has a balance
available to be drawn down of GBP1,002,000. There will also be
5,040,000 Consideration Shares in BOS issued on completion.
The Company continues to work closely with Call Design, as a
Platinum Reseller representing BOS Products worldwide, to deploy
BOS products on a commercial basis and identify opportunities for
sales of BOS products to Call Design's client base..
Michael Travia said "I am delighted at the progress of both
Companies to reach this important milestone. As a member of Call
Design's board I look forward to representing the significant
investment and opportunity on behalf of the Company and our
Shareholders, including assisting Call Design with its Board
strategy to grow exponentially over the next three years."
Further Information
About Call Design and Investment Rationale
Call Design has been operational since 1999 and specialises in
workforce optimisation solutions by providing support, personalised
training, custom software development, and consulting services. As
a 'Platinum Partner' of Aspect, the world's leading enterprise
cloud contact centre provider, Call Design specialises in the
deployment, integration, training and support of one of the world's
premier Workforce Optimisation platforms. The provision of ongoing
support services has enabled Call Design to build very strong and
lasting relationships with its customers, and indeed most of the
customers that Call Design started out with are still Call Design
customers today.
Call Design has a multi-sector customer base, spread across 26
countries. It works with a significant number of global and leading
banks and has a strong presence in Australia, the UK / Europe and
the USA.
BOS has launched two software products, BOS Meet and BOS
Automate, which automate processes in the workplace. These
standalone software products will be integrated into the
forthcoming BOS360 Work Patterns platform, which is on track to be
launched in May 2017 and will improve the efficiency of an
individual, team and organisation's daily activities so that
businesses and government bodies can operate smarter. The results
will:
-- Enable management to make fact based decisions and provide
greater insight into how best to optimise teams - taking into
account the myriad of variables such as: the volume and type of
work activities, roles, social relationships, individual skills,
experience and education to name a few
-- Provide workers with a tool-set that promotes more efficient
work patterns and encourages them to focus on areas of activity
that will have the greatest measurable impact on the business and
overall productivity
Given the synergy between both companies' visions and the
complementary suite of products and services, the Boards of BOS and
Call Design believe that the Investment by BOS will provide
significant cross-selling opportunities which are expected to
positively impact the businesses of both companies.
For further information on Call Design please visit
https://www.calldesign.com.au/
**ENDS**
For further information please visit www.bosglobal.com or
contact:
Michael Travia BOS GLOBAL Holdings Tel: +61 (0) 8 9322
Managing Director Limited 4071
E: shareholder@bosglobal.com
=================== ===================== ==============================
Oliver Morse RFC Ambrian Limited Tel: +61 (0) 8 9480
/ Andrew Thomson 2500
NOMAD
=================== ===================== ==============================
Charles Goodfellow Peterhouse Corporate Tel: +44 (0) 20
/ Lucy Williams Finance Limited 7220 9791
Broker
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Elisabeth Cowell St Brides Partners Tel: +44 (0) 20
/ Charlotte Ltd 7236 1177
Page
Financial PR
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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 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 Platform for
use in the generation of Work Pattern reports.
BOS GLOBAL will generate re-occurring income through
subscriptions of its BOS360 Work Pattern platform and supporting
products, as well as through licensing of its patented Work Pattern
technology.
Company sales strategy is focussed on building a global
distribution partner network via Enterprise Software Vendors,
Professional Services organisations and Consulting Practices.
BOS GLOBAL Holdings Limited is a LSE AIM listed company
incorporated in Australia, operating from offices in Melbourne,
Sydney and Brisbane. Plans are well underway to increase its
representation, with offices in London, San Francisco and Hong Kong
in year 2017.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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