Neomobile enters in ‘ELITE’ of Borsa Italiana

Neomobile today announced to be part of the new 37 companies selected by Borsa Italiana (London Stock Exchange Group).

Here the complete press release.

PRESS RELEASE

Neomobile enters in ‘ELITE’ of Borsa Italiana, London Stock Exchange Group

The Mobile Commerce Group is the first mobile company selected by Borsa Italiana (London Stock Exchange Group) for ELITE, the project dedicated to high growth companies.

Rome, April 16 2013 – Neomobile, the global mobile commerce group, announced today to have been selected by Borsa Italiana (London Stock Exchange Group) among the 37 new companies for ELITE, a unique platform of integrated services which offers enterprises the industrial, financial and organisational skills to grow in terms of resources, awareness and institutional relations.

ELITE is aimed at the cream of Italian not-listed enterprises, a total of 100 today, and offers a unique process to help them chart the route to success, also at international level.

Neomobile was an ideal candidate for ELITE, thanks to its commitment in continuous growth and innovation since the set-up in 2007, along with its strong expansion strategy both organically and through M&A operations.

The fiscal year 2012 was extremely positive and vibrant: Neomobile topped the 4th of growth, with a 50% 2009-2012 CAGR, surpassing 100 million euros in net consolidated revenue along with a robust profitability and cash flow generation. Those financials are much above the threshold requested by Borsa Italiana to join the ELITE group.

At its sixth year of activities, Neomobile obtained another important international recognition: the 2012 Deloitte Technology Fast 500 Companies. The prize is awarded to EMEA companies with the highest growth in the tech sector.

“We are extremely pleased to enter in ELITE, an attractive and unique project in Europe, in good company with other talented Italian companies. We are very proud to represent the Mobile Economy, a fast growing industry full of opportunities both in Italy and abroad” said Gianluca D’Agostino, Neomobile CEO.

Our 2012 was another year of success, with important achievements thanks to our on-going commitment to invest in the future; as an example, 100 new talents were recruited and 4 new offices were opened. We are a solid company, ready to take advantage of new market challenges to enrich our offer globally and to carefully evaluate new M&A opportunities. We are convinced that ELITE will be an important cornerstone to improve the company management and to add value to our assets” concluded D’Agostino.