Dods Group PLC Acquisition (6305W)
16 November 2017 - 6:00PM
UK Regulatory
TIDMDODS
RNS Number : 6305W
Dods Group PLC
16 November 2017
16 November 2017
Dods Group PLC
("Dods", the "Group" or the "Company")
Acquisition of equity stake
Dods Group PLC is pleased to announce it has acquired and
subscribed for 30% of the enlarged issued share capital of
Social360 Limited ("Social360") for GBP1.65 million in cash.
Founded in 2009 by communications professionals, Social360
provides comprehensive social media monitoring and intelligence for
corporate communications and public affairs. Its proprietary search
and categorisation technology filters out social media noise and
highlights specific insights, providing a single reference point
for corporate executives who require, fast, accurate and easily
digestible intelligence.
Dods and Social360 share a common view of the corporate
communications marketplace. In particular, both share a dedication
to providing critical information services on a real-time, daily
and weekly basis which are comprehensive and highly tailored.
Following the transaction, the Group will be launching Dods Social
Intelligence.
The Board of Dods believes that there is a significant
opportunity for cross selling services into both Social360's and
Dods' existing client bases as well as targeting new clients with
the enlarged product portfolio. The transaction will also create
the ability to collaborate on the development of further products
to complement the combined offering.
The acquisition includes a contractual option for the Company,
at its sole discretion, to purchase the balance of the current
existing shares between 24 and 36 months from completion, at a
valuation based upon Social360's prevailing EBITDA.
Cheryl Jones, Chairman of Dods, commented:
"We are delighted to welcome the Social360 team, led by
co-founders Ryszard Bublik (CEO) and Robert Herridge (CTO), both of
whom have a clear and strong vision for the delivery of social
media monitoring and analysis. Their vision for their company's
core capabilities and international reach is in keeping with the
trends and changing market requirements seen by the Board of
Dods."
Ryszard Bublik, CEO of Social360 Limited, commented:
"This partnership will see Social360 become the engine behind
Dods' social media monitoring offering as well as enabling us to
invest in our core technology and new products and markets. The
combination of our cutting-edge and innovative technological
approach and Dods' reputation and commercial reach will create a
powerful proposition for our target markets.
"Social360 helps time-poor clients make sure that they're kept
up to date with what's being said about their brand or organisation
wherever it appears on the social web in a format that works for
them - on email, via a dashboard, in real time or through edited,
scheduled reports. We share with Dods the view that the
ever-increasing volume of brand and reputation-critical social
media content has meant that the outsourcing of social media
listening is becoming the norm and identifying the right partners
to deliver the best outsourced solution is critical."
For further information, please contact:
Dods Group PLC Alma PR
020 8004 4216
Cenkos
Nicholas Wells 020 7397 8900
Mark Connelly
Alma PR 020 8004 4216
Josh Royston 07780 901979
John Coles 07836 273660
Helena Bogle 07580 216203
Notes to Editors:
About Dods Group PLC
Dods is a specialist content, media services and events company
delivering information and analysis across multiple platforms. Dods
provides the relevant information, topical knowledge, actionable
insights and critical connections vital for its global client base
to understand, navigate and engage in the political and public
policy environments across the United Kingdom and European Union.
For further information, please visit www.dodsgroup.com.
About Social360 Limited
Social360 provides comprehensive social media monitoring and
intelligence for corporate communications and public affairs. Its
uses a combination of proprietary search and categorisation
technology and human editors to filter out social media noise and
highlight specific insights, providing a single reference point for
corporate executives who require, fast, accurate and easily
digestible intelligence.
Social360 has worked with more than a quarter of the UK FTSE 100
as well as many Fortune 500 businesses from its offices in London
and New York.
For more information about Social360 Limited, please visit
www.social360monitoring.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 16, 2017 02:00 ET (07:00 GMT)
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