Globoforce sees hike in revenue

Company ditched plans for a $480n flotation in early 2014

12th June, 2016
Globoforce is headed by entrepreneur Eric Mosley

Globoforce, a heavily backed Dublin tech company that runs staff incentive schemes for corporations, increased its revenues by a third in 2014 to almost $250 million.

The company, which ditched plans for a $480 million Nasdaq flotation in early 2014, recorded turnover of $249 million in 2014, up from $186 million for the year before, according to new filings.

The company made a pre-tax loss of $7.7 million, up from a $5.1 million loss for the year before. Much of the losses...

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