Net Display Systems BV (NDS), manufacturer of digital signage software have closed a loan of approximately 1 million euro (1.33 million dollar) for financing its growth plans of 2012 and beyond. The loan will be provided by ABN Amro Bank. Jasper Verriet of ABN Amro Bank comments: “NDS showed a very strong and clean balance sheet and proved it was and still is beating the market.”
“We are very pleased with this agreement as it will enable us to accelerate our current market expansion plan.” – says Louis van Geldrop, founder and CEO of NDS. Use of proceeds will be to penetrate the Western-European market even further, while also opening branch offices in the United States and Middle East.
NDS also plans to hire additional executives, tighten strategic partnerships with some of its current channel partners. Peter de Jong, business partner manager for North America: “We explored the US market in 2011. Our next priority is to find sales executives for the United States branch office”. NDS considers local representation to be a requirement for accomplishing growth in new geographical markets.
NDS will broadcast a webinar on December 21th in which it will provide further details on the growth plan. For details about the webinar please visit www.nds.eu.
About Net Display Systems
Since their establishment in 1994 Net Display Systems has evolved into a recognized worldwide player for digital signage software. Their core-business is developing digital signage software called PADS.
With an extensive partner network the company is proactive in more than 75 countries. Their partners are dedicated and specialized professionals providing installation, training and support of their products. Net Display Systems has thousands of installations in multiple market sectors from transportation, corporate and government to hospitality and retail.
One in four of the hundred world’s most recognized brands have chosen PADS as their digital signage platform.
Every day millions of people all over the world see displays running the PADS software of Net Display Systems. Installations vary from simple standalone solutions to national or global, complex and often mission critical digital signage solutions.
Net Display Systems B.V.
Peter den Burger: Peter.den.Burger [at] nds.eu
5657 EA Eindhoven
T: +31 88 2661177
F: +31 88 2661178
E: info [at] nds.eu
Source: Net Display Systems