Strategic partnership in North America

4GLOBAL PLC

17 May 2023

 

17 May 2023

4GLOBAL PLC

("4GLOBAL", the "Group" or the "Company")

Strategic partnership in North America

4GLOBAL, a UK-based data, services and software company, is pleased to announce the signing of a strategic partnership to exploit a multi-million US dollar opportunity with Jonas Fitness Inc, part of Jonas Software, a worldwide Constellation Software company.

Constellation Software is an international provider of market-leading software and services to several industries generating consolidated revenues exceeding US$4 billion. This partnership extends 4GLOBAL's relationship with Jonas brands into North America and their 10k+ customer sites, building on well-established relationships with other parts of the Group in the United Kingdom, including Xn Leisure, Gladstone and Fitronics.

Jonas Fitness Inc provides gym management software to health, wellness, and fitness facilities worldwide. Jonas' continued focus is on creating long-term relationships with its health club operators and ensuring that it can meet its software, billing, and service needs.

This exciting partnership creates an integration between Jonas Fitness Inc's 'Compete' product and 4GLOBAL 'Biz Insight' module. This will allow Jonas Fitness Inc customer base to purchase 4Global's Biz Insight software solution through Jonas Fitness Inc, taking advantage of sector standard KPIs, shared best practice benchmarks and uncovering operational insights into their business. The Partnership gives Jonas Fitness Inc. a new software solution to sell to their customer base, enhancing an already strong product in "Compete" providing insight that completes the product delivery for Jonas Fitness Inc customers.

Eloy Mazon, Chief Executive Officer of 4GLOBAL, commented:

"This partnership reflects our commitment to driving positive change and making a lasting impact on the fitness industry, widening our reach into North America making it easier for our customers to have access to our world leading software products and data providing them better understanding about their business and their customers. We are confident that this strategic partnership will unlock new opportunities, inspire a number of people, and assist in shaping the future of fitness."

For further information please contact:

4GLOBAL Eloy Mazon (CEO)	c/o IFC Advisory
Spark Advisory Partners - Nominated Adviser Neil Baldwin	0203 368 3554
Canaccord Genuity Limited - Broker Bobbie Hilliam	020 7523 8000
IFC Advisory Graham Herring / Zach Cohen	0203 934 6630

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

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