CHERTSEY, U.K., Jan. 23, 2002 (PRIMEZONE) -- Regus (Nasdaq:REGS) (LSE:RGU.L):
In a deal worth over 5 million pounds, Damovo, the global communications solutions provider, has taken space at Regus Business Centers in the UK, Brazil and Slovakia. The five-year deal is part of Damovo's first phase of global outsourcing plans.
Damovo, launched in September 2001, following Apax Partners' purchase of 80% of Ericsson Enterprises Direct Sales and Service Operation, now employs 2,700 staff across Europe, Latin America and Australasia.
"Regus is the perfect mobility tool for an international company," commented Pearse Flynn, chief executive, Damovo. "As a rapidly growing organization these offices allow us to move fast when entering new markets. We are now also flexible enough to upsize or relocate in order to maximize new business opportunities, without incurring expensive start-up costs."
Pearse continued, "We structured office outsourcing into our global growth strategy from day one in order to minimize our start-up costs, yet enjoy the long term cost savings afforded by the use of serviced offices, compared with inflexible conventional property leases."
Mark Dixon, chief executive of Regus, added, "We have a large portfolio of global clients who are leaders in their field such as Microsoft, Fujitsu-Siemens and France Telecom. These companies recognize both the common sense solutions that Regus provides and the savings of up to 78%** on total occupancy cost which we offer them, compared with a traditional long term lease."
** Source CIPS Cost benefits of serviced offices report
Note to Editors
Regus is the world's leading operator of business centers, with more than 390 centers in 180 cities in 50 countries. Regus business centers provide businesses, both large and small, with access to fully equipped office workspaces on flexible terms. With more than 85,000 office workspaces worldwide, Regus is also market leader in providing meeting rooms, conference and training facilities and public access videoconferencing studios.
About Damovo
Damovo was launched in September 2001 following Apax Partner's investment of US$480 million for 80% of Ericsson Enterprise Solutions' Direct Sales and Service operations.
Through consultancy, integration and management, Damovo delivers advanced business solutions in the following areas: e-business, voice and data converged networks, managed services, mobility and contact center solutions.
Damovo is one of the world's first global and independent communication solutions & service providers.
Damovo employs 2,700 staff, with an annual turnover of nearly Euro 1bn and 18 offices worldwide across Europe, Latin America and Australasia. Damovo has a blue chip client list of over 26,000 international organizations from the worlds of Government, Banking, Public Services, Utilities, and Healthcare.
Principal territories for Damovo are: Australia, Brazil, Germany, Italy and the UK. In addition Damovo has operations in Argentina, Belgium, Colombia, The Czech Republic, Hungary, Ireland, Mexico, Poland, Portugal, Slovakia, Sweden, Switzerland and Venezuela.