Globo (AIM: GBO) has entered into a contract to provide its mobile CitronGO! software suite to one of the largest mobile network operators in South East Asia, which has approximately 85 million subscribers.
Globo will provide CitronGO!, as ‘Software as a Service’ (SaaS) and will receive a net monthly subscription fee of €1.20 to €2.10 per customer. Initial revenues are expected to commence during the first half of the current year.
"This contract sets a major starting point for Globo's international expansion”, Globo CEO Costis Papadimitrakopoulos, “Furthermore it represents a significant and independent validation of our product offering at a time when the group is engaged in ongoing negotiations with mobile network operators in several countries worldwide.”
CitronGO! is expected to be launched later this month. The service enables user interaction on multiple services via any device with internet access. Features include social networking, instant messaging and e-mail.
Disclosure: The author holds no positions in the company