Damovo

Damovo
Damovo Group
Type Private company
Industry Telecommunications
Founded 2001
Headquarters Glasgow, UK
Key people Mike Parton, [CEO]
Employees 1100
Website http://www.damovo.com

Damovo Group, headquartered in Glasgow, UK, is a provider of enterprise information communication technology (ICT) services and solutions, currently with regional businesses in Belgium, Brazil, Czech Republic, Germany, Ireland, Mexico, Netherlands, Poland, Switzerland and the United Kingdom. Damovo was formerly the enterprise services division of the Swedish telecoms group Ericsson.[1]

In September 2004, Damovo's Australian operations were sold to Telstra.[2]

In June 2007, following non-payment by the Italian National Police and the loss of several major customers in the UK, the Damovo Group completed a refinancing plan, reducing bondholder debt. The former majority stakeholder Apax absorbed losses of over $100m.[3][4][5] At this time, Damovo Group appointed a new executive management team with Mike Parton as the company's Chief Executive Officer.

In 2011, Damovo UK was announced as one of the country's top 100 apprenticeship employers.[6][7][8][9]

External links

References

  1. ^ Sourcewire http://www.sourcewire.com/releases/rel_display.php?relid=13727, 22nd November 2001.
  2. ^ Leyden, Fleur (2004-09-07). "Telstra buys Damovo after Optus withdraws offer". The Age (Melbourne). http://www.theage.com.au/articles/2004/09/06/1094322713537.html?from=storyrhs. 
  3. ^ Davies, Paul J; Peter Smith (December 22, 2006). "Creditors set to take control of Damovo". Financial Times. http://www.ft.com/cms/s/0/52026d5a-9161-11db-b71a-0000779e2340.html?nclick_check=1. Retrieved 2009-04-15. 
  4. ^ Quinn, James (December 23, 2006). "Damovo white flag to be first of many". London: Telegraph,co,uk. http://www.telegraph.co.uk/finance/2952830/Damovo-white-flag-to-be-first-of-many.html. Retrieved 2009-04-15. 
  5. ^ "Damovo Group completes refinancing and appoints new executive management". Damovo Group. 2007-06-11. http://www.damovo.co.uk/documents/DamovoRe-Finance.pdf. Retrieved 2010-08-26. 
  6. ^ 30th June 2011 http://www.damovo.co.uk/documents/Top100apprenticeprogrammeFINAL.pdf
  7. ^ July 2009 http://www.centralsussex.ac.uk/employer%20services/newsdisplay.asp?newsid=512
  8. ^ July 2011 http://www.businessmatterssussex.co.uk/news/business-news/you_re_hired_damovo_employs_apprentices_1_2391552
  9. ^ July 2011 http://www.apprenticeships.org.uk/News-Media/Latest-News/Article017.aspx


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