Loqus Holdings plc - Quote

Loqus Holdings plc - Profile

Datatrak Holdings plc was registered on the 23 October 2000 as part of a restructuring exercise aimed at allowing the Datatrak Group of Companies to develop in all areas of its business, including foreign expansion.  Datatrak Holdings plc is a holding company and does not conduct any trading activities. All trading and commercial activities are undertaken by the company’s subsidiaries. In 2010, the holding company changed its name to Loqus Holdings plc.

The Company’s predecessor was its subsidiary, Datatrak Systems Limited (DSL), which was established on 27 February 1998 by a group of Maltese investors in conjunction with Securicor International Holdings SA. DSL was formed with for the purpose of developing and operating in Malta the Datatrak technology that was developed by Securicor Information Systems (SIS) in the United Kingdom.

In August 1998 Datatrak Systems Limited obtained the license to operate the system by Securicor Information Systems (SIS) and was also granted dedicated frequency bands by the Ministry of Telecommunications. It launched its services to the public on 28 October 1999.

In May 2000, Siemens, one of the largest multi-national electronic and engineering companies in the world, acquired Securicor Information Systems from Securicor plc and was renamed Siemens Datatrak Location and Information Systems Ltd.

In September 2000, Datatrak Systems Limited (DSL) undertook a corporate restructuring exercise intended to drive its future expansion and development in Malta and overseas, as well as to consolidate its relationships with strategic partners. This restructuring programme consisted of:

• The establishment of Datatrak Holdings plc as a holding company; The purchase of a 50% shareholding in GeoMed Services Ltd which was renamed Datatrak Information Technology Services Ltd (DServ);

• The creation of another subsidiary, Datatrak MENA Ltd (MENA), to undertake overseas expansion, particularly in the Middle East and North African regions.

• The creation in 2003 of Datatrak Solutions Ltd (DSol), a 50% owned subsidiary responsible for the development of all software within the group, holding licenses for the various packaged solutions including, Datatrak OnLine, TrakIT, DispatchIT, VMS, RouteIT and genGIS.net.

In 2004, the Datatrak Group signed a three-year contract with Siemens VDO Trading Limited (UK) through Datatrak Solutions International Limited (DSol) for the marketing of Datatrak On-Line, a web-based fleet tracking software. The Agreement was renewed for a further three years in October 2006.

In December 2007, Datatrak Holdings plc undertook a corporate restructuring in order to consolidate its most profitable activities as the core activities of the group. The restructuring process entailed Datatrak Holdings plc:

• acquire the remaining shares of both Datatrak IT Services Ltd and Datatrak Solutions Ltd through its subsidiaries, namely: Datatrak Systems Ltd and Datatrak MENA Ltd respectively. The acquisitions were paid by issuing 15,949,500 shares at €0.30 to Joe Fenech Conti who as a result of this event is the majority shareholder in Datatrak Holdings plc with a stake of 50%

• a one time non-cash write off valued at €5.6 million due to the impairments in the carrying value of Datatrak Network and on the development costs of the project in Nigeria.

Subsidiaries and Jointly Controlled Companies

1) Datatrak Systems Ltd – DSL: This company owns the Datatrak network in Malta and is responsible for the development of all the hardware for the group. The company sells it products to the subsidiaries within the group.

2) Datatrak IT Services Ltd – Dserv (50%): This firm was formerly known as GeoMed Services Limited and was incorporated in early 1990’s to provide local and international markets with Geographical Information Services (GIS). Dserv is a principle partner in the Accerta consortium that is responsible for the authentication and certification of electronic identity for the Government of Malta. This company owns the following subsidiary:

• Datatrak Algerie – DITAL (51%): Set up in 2002 by Dserv, which owns a 51% stake.

3) Datatrak Solutions Ltd – Dsol (50%): This firm was incorporated in 2003 and is a fully-fledged IT company responsible for the development of software, web based services and application service provision (ASP) for the group. The company operates closely with its sister company, DServ to provide a range of GIS-related services. This firm markets its products through Siemens VDO Trading Limited in the UK.

In 2004 Dsol was appointed as a Microsoft certified partner. It also holds the license for various products such as DispatchIT and Datatrak Online (DOL).

In November 2005, this subsidiary reached an agreement with O2, a leading provider of mobile communications services in Europe, to form a long-term, non-exclusive strategic partnership whereby customers of O2 shall be offered the opportunity to acquire DispatchIT, an innovative application providing solution for dispatch and fleet management.

In January 2006, Datatrak Solutions reached a non-exclusive agreement to form a strategic partnership with Kerridge ADP, a leading supplier of advanced software solutions, computer services, and business communication technology in the UK and subsidiary of multinational US based ADP Inc. The strategic partnership will allow the companies to provide a homogenous solution to clients, which integrates back office functions with the flexibility of a complete mobile solution. The agreement is intended to regulate and promote the sharing of technologies proprietary to both parties.

In May 2006 Datatrak Solutions Limited concluded a contract with Onetime Automotive Limited, a wholly owned subsidiary of Bidcorp plc. The contract allowed DispatchIT to install its fleet management and job dispatching system across 100 vehicles in Onetime Automotive Limited’s fleet of 650 vehicles.

In September 2006, Datatrak Solutions Ltd signed a contact with GeoPost UK Ltd, wholly owned by La Poste, the second largest postal operation in Europe. The contract will supply GeoPost UK Ltd with components from the Dispatch IT application and will cover a total of 2,000 GeoPost vehicles located in its 40 depots spread all over the UK. The contract is worth over 600,000 British Pounds for the first four years.

In October 2006, Datatrak Solutions Ltd opened a Regional Sales Office for Italy, Spain and France in Rome. The Regional Sales Office will augment Datatrak’s UK sales network and forms part of its strategy to penetrate Europe. DSol has already reached a software distributor agreement with Prototipo, an Italian systems integrator and SAP partner, for coverage of the Italian market.

In December 2007, Datatrak Solutions Ltd (55%) together with Teleclient System Integrator spa (TSI) (45%) registered a company in Italy named Datatrak Italia srl. TSI is a provider of ICT Technology solutions specialized in design customization, integration and management of call centre, customer relationship management solutions. Datatrak Italia srl was set up with the aim of marketing Datatrak Solution Ltd’s package solutions.

4) Datatrak Mena Ltd – MENA: This is the marketing and sales company with responsibility for the Middle East, African and South American Markets. It is responsible for selling networks to these regions as well as aggressively selling the products of Datatrak Systems Limited and Datatrak Solutions Limited. This Company has a shareholding in the following associate:

• Datatrak Nigeria Ltd – DNL (30%): Datatrak MENA has a 30% minority shareholding in DNL with the balance in the hands of Nigerian investors. DNL is undertaking marketing activities that will support Datatrak MENA enter the market in neighbouring countries in West Africa and to establish other Datatrak networks and similar systems using GPS, GPRS and Inmarsat technologies.

On 22 December 2003, Datatrak Holdings plc signed a Memorandum of Understanding with investors from the Federal Republic of Nigeria, whereby it was established that Datatrak MENA Ltd was to provide Datatrak Nigeria Limited (DNL) with the required technology and know-how for the installation and management of fully integrated secure location, tracking and security system infrastructures.

In November 2005 this subsidiary successfully concluded the In-Country Survey in part of Nigeria and is working on establishing its network in the country through its subsidiary Datatrak Nigeria Ltd. During the same month, Datatrak MENA was awarded the contract to supply a vessel monitoring system (VMS) for the search and rescue vessels within the Nigerian Naval fleet.

Share Capital

Datatrak Holdings plc was the first company to be listed on the Second Tier Market on 27 November 2000. Prior to the listing in November 2000, Datatrak’s issued share capital was €2,782,437 divided into 11,949,500 ordinary shares.

On 6 November 2000 Datatrak Holdings issued 4,000,000 ordinary shares of nominal value of €0.232937 each at a price of €2.3294 per share. As a result Datatrak’s issued share capital increased to €3,714,186 divided into 15,949,500 shares of €0.232937 each.

Following the acquisition of the shareholding in Datatrak IT Services Ltd and Datatrak Solutions Ltd, Datatrak Holdings plc issued 15,949,500 shares with a nominal value of €0.232937 at a price of €0.30. As a result Dataktrak’s issued share capital increased to €7,430,457 divided into 31,899,000 shares.

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Loqus Holdings plc - Downloads

• Datatrak_Presentation_2008.pdf (3.4 MiB, 112 hits)
• Datatrak plc - Annual General Meeting Presentation August 2008 (1.9 MiB, 96 hits)