Exciting news: NDS Closes 1 million euro loan for market expansion in 2012

Friday, December 16th, 2011 at 8:45 pm by DigitalSignageBlog, 0 Comments »

Net Display Systems (NDS), is a well known digital signage software company based in the Netherlands. We have just read the following news:

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 21st in which it will provide further details on the growth plan. If you’re interested to join this webinar please sign up here.

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