Grant Thornton wins new AIM-listed advertising audit client

THE SCOTTISH ARM of Grant Thornton has secured the audit of online advertising services provider Digital Globe Services (DGS).

Grant Thornton will provide a series of services to DGS as it looks to expand. The AIM-listed business, valued at $73.9m (£47.5m) in February at the time of flotation, currently operates out of the US, Canada, Mexico and Pakistan.

Local Grant Thornton audit teams led by Scotland-based partner Sandra Rodger in the UK will provide day to day financial and governance services, as well as additional resource and advice to support the company.

Rodger said: “The DGS flotation was a particularly intense piece of work, across three continents and numerous different time zones. The end result was ultimately a very gratifying one, with DGS raising over £13m to fund its expansion into Latin America, Europe and Asia Pacific; with the company using its robust financial position to grow its business between 20 and 30% annually. As DGS’s auditors and business advisers we are looking forward to playing a significant part in that expansion.”

DGS’ Scots-born CFO, Bruce Casely, said DGS has been “delighted” with the support received from its advisers, “both locally and internationally”.

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