Jump to content

GB Group (UK): Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
AnomieBOT (talk | contribs)
Bots
6,546,186 edits
m Dating maintenance tags: {{Unreferenced}}
CatterPro (talk | contribs)
20 edits
No edit summary
 
(29 intermediate revisions by 18 users not shown)
Line 1: Line 1:
{{advert|date=March 2024}}
{{short description|Identity verification software company}}
{{short description|Identity verification software company}}
{{More citations needed|date=November 2023}}
{{Use dmy dates|date=April 2022}}
{{Infobox company
{{Infobox company
| name = GB Group plc
| name = GB Group plc
Line 25: Line 28:
| locations = <!-- Number of locations -->
| locations = <!-- Number of locations -->
| area_served =
| area_served =
| key_people = Chris Clark (CEO)<ref name=GBGplc>{{cite news|title=GBG Plc - Appointment of New CEO|url=https://www.gbgplc.com/uk/newsroom/gbg-names-new-ceo/|access-date=3 April 2017|work=gbgplc.com|date=13 October 2016}}</ref><br />Dave Wilson (CFO and COO)<br />David Rasche (Chairman)
| key_people = Dev Dhiman (CEO)<ref name=GBGplc>{{cite news|title=Retirement of Chief Executive / Appointment of CEO Designate|url=https://www.gbgplc.com/en/news/retirement-of-chief-executive-and-appointment-of-ceo-designate|access-date=8 November 2023|work=gbgplc.com|date=12 June 2024}}</ref><br />David Ward (CFO)<br />David Rasche (Chairman)
| products =
| products =
| brands =
| brands =
| production =
| production =
| services =
| services =
| revenue = {{increase}} £119.7 million (2018)<ref name=ar>{{cite web|url=https://www.gbgplc.com/investors/financial-statements/|title=GBG Annual Report FYE 31 March 2019|publisher=GBG |access-date=8 January 2020}}</ref>
| revenue = {{increase}} £217.7 million (2021)<ref name=ar>{{cite web|url=https://www.gbgplc.com/media/n5gbce4t/2021-annual-results-announcement-rns-final15-june-v1-0.pdf|title=GBG Annual Results FYE 31 March 2021|publisher=GBG |access-date=15 June 2021}}</ref>
| operating_income = {{increase}} £26.3 million (2018)<ref name=ar/>
| operating_income = {{increase}} £57.9 million (2021)<ref name=ar />
| net_income = {{decrease}} £10.7 million (2018)<ref name=ar/>
| net_income = {{increase}} £26.9 million (2021)<ref name=ar />
| assets =
| assets =
| equity =
| equity =
| owner = <!-- or: | owners = -->
| owner = <!-- or: | owners = -->
| members =
| members =
| num_employees = 1,050 (2020) <ref>https://www.owler.com/company/gbgplc</ref>
| num_employees = 1,200 (2021) <ref>{{cite web | url=https://www.owler.com/company/gbgplc | title=GBG's Competitors, Revenue, Number of Employees, Funding, Acquisitions & News - Owler Company Profile }}</ref>
| parent =
| parent =
| divisions =
| divisions =
| subsid =
| subsid =
| website = {{URL|http://www.gbgplc.com/}}
| website = {{URL|https://www.gbgplc.com/}}
| footnotes =
| footnotes =
| bodystyle =
| bodystyle =
}}
}}
'''GBG''' is an [[identity verification]], [[location intelligence]] and [[fraud]] prevention company. GBG offers solutions{{buzzword inline|date=March 2020}} that help organizations validate and verify the identity and location of their customers. GBG products are built on data obtained from over 200 global partners. GBG focuses on innovative technology for location intelligence, fraud detection and identity verification. GBG can verify the identity of 4.4 billion people globally.
'''GBG''' is an [[identity verification]], [[location intelligence]] and [[fraud]] prevention company. GBG sells software and data that help organizations validate and verify the identity and location of their customers. GBG products are built on data obtained from over 200 global partners. GBG focuses on technology for location intelligence, fraud detection and identity verification. GBG can verify the identity of 4.4 billion people globally.


==History==
==History==
GBG was established in 1989 initially as GB Information Management, to exploit the market for postcode and address information. In addition to software products, GB Information Management also provided bureau services relating to postcodes, names, addresses and other information. In July 1999 GB Information Management was acquired by Phonelink, a company founded by Trevor Burke. At the time of acquisition, GB Information Management had a turnover of £6.9million, an operating profit of £1million and employed approximately 80 people in [[Chester]], United Kingdom.
GBG was established in 1989 initially as GB Mailing Systems, to exploit the market for postcode and address information. In addition to software products, GB Mailing Systems also provided bureau services relating to postcodes, names, addresses and other information. In the late 1990s the company changed its name to GB Information Management and in July 1999, was acquired by Phonelink, a company founded by Trevor Burke. At the time of acquisition, GB Information Management had a turnover of 6.9 million GBP, an operating profit of 1 million GBP and employed approximately 80 people in [[Chester]], [[United Kingdom]].


On 1 April 2000, the company changed its name from Phonelink plc to TelMe.com plc in response to the success of their early Tel-Me application. In February 2004, the company changed its name to GB Group as part of a movement to distinguish itself from its previous travel interests. In 2006 the company launched an international identity verification service covering 21 countries. In 2011 GB Group moved to a listing on the [[London Stock Exchange]] [[Alternative Investment Market]]. In 2015 GB Group re-branded to "GBG" for ease of international recognition. This reflected a desire to pursue international growth. In 2019 GBG international revenues increased to represent 57% of revenues from 35%.<ref name=hy>{{cite web |title=GBG Half Year Report |url=https://www.gbgplc.com/newsroom/gbg-half-yearly-report-2019/ |website=GBG website |access-date=8 January 2020 |ref=GBGHalf2019}}</ref>
On 1 April 2000, the company changed its name from Phonelink Plc to TelMe.com Plc. In February 2004, the company changed its name to GB Group as part of a movement to distinguish itself from its previous travel interests. In 2006 the company launched an international identity verification service covering 21 countries. In 2011 GB Group moved to a listing on the [[London Stock Exchange]] [[Alternative Investment Market]]. In 2015 GB Group re-branded to "GBG" for ease of international recognition. This reflected a desire to pursue international growth. In 2019 GBG international revenues increased to represent 57% of revenues from 35%.<ref name=hy>{{cite web |title=GBG Half Year Report |url=https://www.gbgplc.com/newsroom/gbg-half-yearly-report-2019/ |website=GBG website |access-date=8 January 2020 |ref=GBGHalf2019}}</ref>


==Company Name==
==Company Name==
"GB Group Plc" is a public company listed on the London Stock Exchange, Alternative Investment Market. "GB Group Plc" is the official registered name with Companies House in the United Kingdom. The "GB" in GB Group is often thought to stand for "Great Britain," but in fact originates from the last name of two founding directors: Green and Burke. GBG is the global brand name.
"GB Group Plc" is a public company listed on the London Stock Exchange, Alternative Investment Market. "GB Group Plc" is the official registered name with Companies House in the United Kingdom. The "GB" in GB Group is often thought to stand for "Great Britain," but in fact originates from the last name of two founding directors: Alexander Green and Trevor Burke. GBG is the global brand name.


==Customers==
==Customers==
GBG works with 17,000 clients in 79 countries, ranging from US e-commerce giants, to banks in Asia, and European household brands. GBG supports smaller businesses and disruptive start-ups as well. Many use GBG's self-serve solutions{{buzzword inline|date=March 2020}} to help make their businesses more efficient.
GBG works with 20,000 clients in 79 countries, ranging from US e-commerce giants, to banks in Asia, and European household brands.


==Employees==
==Employees==
GBG has 1,000 employees across 18 countries and measures its performance by Q12 [[Gallup (company)|Gallup]] Polling [[employee engagement]]. GBG has an employee engagement score of 81 percent and [[Glassdoor]] rating of 4.3.
GBG has 1,200 employees across 20 countries and measures its performance by Q12 [[Gallup (company)|Gallup]] Polling [[employee engagement]]. GBG has an employee engagement score of 81 percent and [[Glassdoor]] rating of 4.3.


==Acquisitions==
==Acquisitions and Divestitures==
{{Unreferenced|Section|date=July 2021}}
{{Unreferenced section|date=July 2021}}
The rationale for GBG's acquisition strategy is that it can be a more efficient way to gain access to new clients, datasets, and capabilities and, to expand into new markets. The earnings impact of the acquisitions, the new datasets, customers and expanded geographical presence are key drivers of GBG's growth.
The rationale for GBG's acquisition strategy is that it can be a more efficient way to gain access to new clients, datasets, and capabilities and, to expand into new markets. The earnings impact of the acquisitions, the new datasets, customers and expanded geographical presence are key drivers of GBG's growth.


In 2015, GBG acquired Loqate, a specialist in global addressing technology. Loqate provided GBG with a base in Silicon Valley for US-focused operations. GBG had previously held an investment stake of 26% in Loqate.
In 2015, GBG acquired Loqate, a specialist in global addressing technology. Loqate provided GBG with a base in Silicon Valley for US-focused operations. GBG had previously held an investment stake of 26% in Loqate. The acquisition valued Loqate at US$20 million.


In 2016, GBG acquired IDscan Biometrics Ltd, a provider of software that authenticates documents including passports, visas, ID cards, driving licenses, utility bills and work permits. IDscan also provides facial recognition software to check that those documents are not stolen.
In 2016, GBG acquired IDscan Biometrics Ltd, a provider of software that authenticates documents including passports, visas, ID cards, driving licenses, utility bills and work permits. IDscan also provides facial recognition software to check that those documents are not stolen. GBG paid US$60 million.


In 2017, GBG acquired PCA Predict, a leading provider of UK and international address validation services.
In 2017, GBG acquired PCA Predict, a leading provider of UK and international address validation services for US$100 million.


In 2018, GBG acquired Verifeyed, a Czech company focused on detecting whether an image has been digitally tampered with.
In 2018, GBG acquired Verifeyed, a Czech company focused on detecting whether an image has been digitally tampered with. Transaction details were not disclosed.


In 2018, GBG also acquired Vix Verify, an Australian company focused on identity verification and address validation.
In 2018, GBG also acquired Vix Verify, an Australian company focused on identity verification and address validation for US$38 million.


In 2019, GBG acquired IDology, a US identity verification company.
In 2019, GBG acquired IDology, a US identity verification company for US$300 million.

In 2020, GBG invested 7m USD in CredoLab, a Singapore headquartered credit scoring company.<ref name=GBGCredoLab>{{cite web|url=https://www.londonstockexchange.com/news-article/GBG/investment-in-credolab-pte-ltd/14659777|title=GBG acquires HooYu Investigate 14 December 2020|publisher=LSE |access-date=18 November 2021}}</ref>

In 2020, GBG acquired HooYu Investigate, a UK identity verification vendor for US$5 million.<ref name=GBGHooYu>{{cite web|url=https://www.londonstockexchange.com/news-article/GBG/acquisition-of-hooyu-investigate/14790922|title=GBG acquires HooYu Investigate 14 December 2020|publisher=LSE |access-date=18 November 2021}}</ref>

In 2021, GBG sold its Marketing Services division, representing 2% of Group revenues for an undisclosed amount.<ref name=GBGMS>{{cite web|url=https://www.londonstockexchange.com/news-article/GBG/sale-of-gbg-marketing-services/14826093|title=GBG Divests Marketing Services Division 14 January 2021|publisher=LSE |access-date=18 November 2021}}</ref>

In 2021, GBG acquired Acuant, a US identity verification and identity fraud prevention company for US$736 million.<ref name=GBGAcuant>{{cite web|url=https://www.londonstockexchange.com/news-article/GBG/proposed-acquisition-and-placing/15218028|title=GBG Acquires Acuant 18 November 2021|publisher=LSE |access-date=18 November 2021}}</ref>


==References==
==References==

Latest revision as of 10:37, 20 August 2024

GB Group plc
AIM: GBG
IndustryIdentity verification
Founded1989
Headquarters
Chester
,
United Kingdom
Key people
Dev Dhiman (CEO)[1]
David Ward (CFO)
David Rasche (Chairman)
RevenueIncrease £217.7 million (2021)[2]
Increase £57.9 million (2021)[2]
Increase £26.9 million (2021)[2]
Number of employees
1,200 (2021) [3]
Websitewww.gbgplc.com

GBG is an identity verification, location intelligence and fraud prevention company. GBG sells software and data that help organizations validate and verify the identity and location of their customers. GBG products are built on data obtained from over 200 global partners. GBG focuses on technology for location intelligence, fraud detection and identity verification. GBG can verify the identity of 4.4 billion people globally.

History

[edit]

GBG was established in 1989 initially as GB Mailing Systems, to exploit the market for postcode and address information. In addition to software products, GB Mailing Systems also provided bureau services relating to postcodes, names, addresses and other information. In the late 1990s the company changed its name to GB Information Management and in July 1999, was acquired by Phonelink, a company founded by Trevor Burke. At the time of acquisition, GB Information Management had a turnover of 6.9 million GBP, an operating profit of 1 million GBP and employed approximately 80 people in Chester, United Kingdom.

On 1 April 2000, the company changed its name from Phonelink Plc to TelMe.com Plc. In February 2004, the company changed its name to GB Group as part of a movement to distinguish itself from its previous travel interests. In 2006 the company launched an international identity verification service covering 21 countries. In 2011 GB Group moved to a listing on the London Stock Exchange Alternative Investment Market. In 2015 GB Group re-branded to "GBG" for ease of international recognition. This reflected a desire to pursue international growth. In 2019 GBG international revenues increased to represent 57% of revenues from 35%.[4]

Company Name

[edit]

"GB Group Plc" is a public company listed on the London Stock Exchange, Alternative Investment Market. "GB Group Plc" is the official registered name with Companies House in the United Kingdom. The "GB" in GB Group is often thought to stand for "Great Britain," but in fact originates from the last name of two founding directors: Alexander Green and Trevor Burke. GBG is the global brand name.

Customers

[edit]

GBG works with 20,000 clients in 79 countries, ranging from US e-commerce giants, to banks in Asia, and European household brands.

Employees

[edit]

GBG has 1,200 employees across 20 countries and measures its performance by Q12 Gallup Polling employee engagement. GBG has an employee engagement score of 81 percent and Glassdoor rating of 4.3.

Acquisitions and Divestitures

[edit]

The rationale for GBG's acquisition strategy is that it can be a more efficient way to gain access to new clients, datasets, and capabilities and, to expand into new markets. The earnings impact of the acquisitions, the new datasets, customers and expanded geographical presence are key drivers of GBG's growth.

In 2015, GBG acquired Loqate, a specialist in global addressing technology. Loqate provided GBG with a base in Silicon Valley for US-focused operations. GBG had previously held an investment stake of 26% in Loqate. The acquisition valued Loqate at US$20 million.

In 2016, GBG acquired IDscan Biometrics Ltd, a provider of software that authenticates documents including passports, visas, ID cards, driving licenses, utility bills and work permits. IDscan also provides facial recognition software to check that those documents are not stolen. GBG paid US$60 million.

In 2017, GBG acquired PCA Predict, a leading provider of UK and international address validation services for US$100 million.

In 2018, GBG acquired Verifeyed, a Czech company focused on detecting whether an image has been digitally tampered with. Transaction details were not disclosed.

In 2018, GBG also acquired Vix Verify, an Australian company focused on identity verification and address validation for US$38 million.

In 2019, GBG acquired IDology, a US identity verification company for US$300 million.

In 2020, GBG invested 7m USD in CredoLab, a Singapore headquartered credit scoring company.[5]

In 2020, GBG acquired HooYu Investigate, a UK identity verification vendor for US$5 million.[6]

In 2021, GBG sold its Marketing Services division, representing 2% of Group revenues for an undisclosed amount.[7]

In 2021, GBG acquired Acuant, a US identity verification and identity fraud prevention company for US$736 million.[8]

References

[edit]
  1. ^ "Retirement of Chief Executive / Appointment of CEO Designate". gbgplc.com. 12 June 2024. Retrieved 8 November 2023.
  2. ^ a b c "GBG Annual Results FYE 31 March 2021" (PDF). GBG. Retrieved 15 June 2021.
  3. ^ "GBG's Competitors, Revenue, Number of Employees, Funding, Acquisitions & News - Owler Company Profile".
  4. ^ "GBG Half Year Report". GBG website. Retrieved 8 January 2020.
  5. ^ "GBG acquires HooYu Investigate 14 December 2020". LSE. Retrieved 18 November 2021.
  6. ^ "GBG acquires HooYu Investigate 14 December 2020". LSE. Retrieved 18 November 2021.
  7. ^ "GBG Divests Marketing Services Division 14 January 2021". LSE. Retrieved 18 November 2021.
  8. ^ "GBG Acquires Acuant 18 November 2021". LSE. Retrieved 18 November 2021.
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=GB_Group_(UK)&oldid=1241281308"