NetDimensions (Holdings) Limited: Expansion of Global Services Division
HONG KONG, CHINA -- (Marketwired) -- 07/17/14 -- NetDimensions
(Holdings) Limited (LSE: NETD) (OTCQX: NETDY)
NetDimensions (Holdings) Limited
("NetDimensions" or the "Company")
Expansion of Global Services Division
NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of
performance, knowledge, and learning management systems, is pleased
to announce the expansion of its Global Services Division ("GSD").
The Company continues to make progress toward becoming a leading
provider of Talent Management Systems ("TMS") and related compliance
solutions for those clients operating in highly complex environments
with high consequences if things go wrong.
As the result of an increasing number of new client wins in
high-consequence industries, NetDimensions has engaged in larger
deals with multinational corporations which require a greater degree
of post-sale services. NetDimensions' TMS related services have
traditionally comprised of implementation, customisation and training
("services") and have been delivered by our professional services
teams at a regional level.
To take advantage of the opportunity that increasing demand from
clients operating in high-consequence industries offers, the Company
has restructured and expanded its service offerings. The professional
services teams have been re-organised into a Global Services Division
with a Global Head of Services running the division as a profit
NetDimensions is pleased to announce that George Walker has been
appointed as the new Global Head of Services. George has an extensive
background in professional services and project management, software
development, human resources systems, recruitment systems and
workforce management. George was the founder of the Reed Professional
Services organisation within Reed, the global recruitment specialist,
establishing and developing the business from inception to a
multi-million dollar business within six years.
The Global Head of Services will be supported by the newly appointed
Global Services Head of Delivery who will implement standard
processes and procedures globally to ensure the services are provided
at a consistently high level to all clients.
The Company believes there are substantial sales opportunities in
expanding the service offerings to new and existing clients. To take
advantage of this opportunity the GSD will be organised into several
practices, each with its own sales target and business plan. The
initial core practices will be the Implementation Practice, Added
Value Practice (customisation, reporting, integration and upgrades),
Training Practice and Consulting Practice (deployment, analytics and
As the GSD grows the number of practices in closely related areas
such as human resources consulting will be expanded. To facilitate
the growth in service revenues the Company has appointed a Head of
Global Services Engagement reporting to the Global Head of Services.
This new sales head will work alongside the existing TMS sales teams
and be responsible for business development for all GSD practices.
Some additional investment will be made this year to facilitate the
reorganisation of the GSD and establish the various practice areas.
As the services expand GSD headcount will increase with a combination
of employees and contractors being used to provide the flexibility to
match production capacity to live projects. The Company expects this
investment to start to produce substantial revenue from 2015.
Matthew Chaloner, Chief Financial Officer of NetDimensions, said:
"The expansion of the Global Services Division offers NetDimensions a
real opportunity to grow revenues both from existing and new clients.
The reorganisation and expansion of the division will also enable the
Company to better serve clients in high-consequence industries."
NetDimensions (Holdings) Limited Tel: +852 2122 4500
Panmure Gordon (UK) Limited (Nomad & Broker) Tel: +44 20 7886 2500
Walbrook PR Ltd (Financial Public Relations) Tel: +44 20 7933 8792
Bob Huxford firstname.lastname@example.org
Helen Cresswell email@example.com
Established in 1999, NetDimensions (AIM: NETD;
OTCQX: NETDY) is a global provider of performance, knowledge and
learning management solutions.
NetDimensions provides companies, government agencies and other
organizations with talent management solutions to personalize
learning, share knowledge, enhance performance, foster collaboration
and manage compliance programs for employees, customers, partners and
Recognized as one of the talent management industry's top-rated
technology suppliers, NetDimensions has been chosen by leading
organizations worldwide including ING, Cathay Pacific, Hunter
Douglas, Chicago Police Department, Geely Automotive, Fugro Group and
Fresenius Medical Care.
NetDimensions is ISO 9001 certified and NetDimensions hosted services
are ISO 27001 certified.
For more information, visit www.NetDimensions.com or follow
@netdimensions on Twitter.
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