Globo acquires VC-backed Sourcebits

Globo said Monday that it has acquired Sourcebits. No financial terms were disclosed. Based in San Francisco, Sourcebits, which was backed by Sequoia Capital and IDG Ventures India, is a provider of mobile, web and cloud solutions.

PRESS RELEASE

SAN JOSE, Calif., Jun 30, 2014 (BUSINESS WIRE) — Globo Plc, the global provider of complete enterprise mobility solutions and Software-as-a-Service (“SaaS”), today announced the acquisition of San Francisco, California based Sourcebits, a leading designer and developer of mobile applications for enterprise customers.

The acquisition of the services division of Sourcebits strengthens GLOBO’s mobile application development capabilities and enhances its competitiveness in enterprise and consumer apps. Sourcebits’ extensive developer resources and skills, and app design expertise add to Globo’s unique product proposition that merges enterprise mobility management ( GO!Enterprise ) with mobile application development ( GO!AppZone ). It expands Globo’s operations in North America, and adds another revenue stream that comes from offering professional services in mobile app design, development and consulting.

“We stated our intention of expanding GLOBO’s footprint in North America a while ago,” said Costis Papadimitrakopoulos, CEO of GLOBO. “Our first move was the acquisition of San Jose, California based Notify Technology last October. This acquisition reinforces our commitment to US market, and gives us access to Sourcebits’ developer resources, customer relationships and a solid brand name.”

Costis added, “Enterprise mobility has moved beyond device, data and app management. Today’s customers also want a rich user experience and an elegant user interface. Now, with Sourcebits, GLOBO can excel in meeting customer demands for mobile application design and development. Most importantly, this gives us a sought after competitive edge.”

Founded in 2006, Sourcebits has delivered more than 500 mobile, web and desktop apps for iOS, Android, BlackBerry, Symbian and Windows platforms. More than 30 of these apps have been in the top ten positions in app marketplaces such as iTunes. Fortune 500 customers want the capability of developing cross-platform apps which may be pure HTML5, hybrid or native; and, Sourcebits’ expertise extends the scope of GLOBO’s MADP capabilities in meeting these demands.

Recognized by Gartner as a “Cool Vendor” in its April 2014 Survey, Sourcebits has an established client base that includes Intel, SAP, P&G, Coca-Cola, Hershey’s, Bank of America and other leading brands. The Sourcebits services team will continue its operations in San Francisco, USA and Bangalore, India.

About GLOBO
Globo plc is a global provider of complete enterprise mobility solutions and SaaS. Our 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 US, UK, Europe, Middle East and South East Asia. Globo was recognized in the 2014 Gartner Enterprise Mobility Management Magic Quadrant report. For more information visit www.globoplc.com .

 

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