Cheshire data firm lands series of high profile customers

Chris Clark

Cheshire based data intelligence specialist GB Group has landed a series of new clients over the last 12 months.

The firm is holding its annual general meeting at its Chester headquarters and investors will be given an update on the progress at the firm.

Chairman David Rasche said: “GBG has made a good start to the year and we are on track to deliver in line with market expectations.

“During the first quarter we secured a number of contracts that help us to deliver against our customer growth strategy.”

• GB Group is now working with with Aldi and Hugo Boss in Germany, supporting their expanding online sales with our location intelligence solution.

• BNI, Indonesia’s fourth largest bank, has implemented the firm’s application fraud detection solution, to help them serve their 10 million customers through more than 1,000 branches.

• US-headquartered MoneyGram has increased its international customer reach with our global identity verification service.

David Rasche added: “In terms of brand strategy, this year we made a shift from talking about products to referring to customer solutions instead.

“This reflects our commitment to helping organisations solve their most important problems.

“Last month we successfully launched Loqate, our first single, solution-focused brand which brings together our five separate location intelligence businesses.

“Loqate combines our internal R&D investment and business development with the intellectual property and expertise that we have brought into the business through acquisitions.

“This new, seamless customer experience enables fast and easy access to the world’s best location data.”

He added: “We have continued to strengthen our unparalleled access to identity data over the past year.

“We now work with 214 regulatory-compliant partners around the world, giving us access to 470 datasets.

“One of GBG’s advantages is its global coverage, and our three global lines of business – Loqate, Identity Verification and Compliance & Fraud Solutions – now account for 78 per cent of our revenues.

“We also have a healthy acquisition pipeline in place, both for this financial year and beyond.”

As a result of the strong performance in the year to 31 March 2018 the board has recommended a final dividend of 2.65 pence per share. This is a 13% increase on last year’s dividend.

Chris Clark is chief executive of the firm.

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