Athens-based e-business software and services provider Globo is raising £652,000 at 8.5p a share in order to finance the international development of its operations.
Globo is winning new contracts for its mobile telecoms software CitronGO! and GO!Social. Sales and marketing costs are increasing and there is interest from larger mobile network operators.
At 10.25p a share, Globo is valued at £14.6m.
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