Lord Alan Sugar's digital media company Amscreen has announced that it has signed a new partnership agreement with DigiCom, with the digital screen advertising business to take over ownership of Amscreen's 3,500 digital roadside and healthcare networks with immediate effect. It's a move that will see Amscreen take a step back from media sales in order to focus on its core business of software and hardware development.
DigiCom, which is run by Tom Goddard, will take charge of Amscreen's media sales and marketing activities across the UK, with Amscreen's current team members transferring to DigiCom as part of the deal. Amscreen, which is chaired by Lord Sugar and run by his son Simon, will continue to provide the hardware and software solutions for the business. It will also have continued full responsibility for the operation of the signage networks including monitoring, technical support and maintenance.
Simon Sugar, CEO of Amscreen, said of the new partnership:
"This move will allow us to concentrate on our core competencies of hardware and software development whilst the media operation will benefit from Tom Goddard's considerable experience in the OOH environment. We are delighted that we shall continue to work in a truly symbiotic fashion with Tom and believe that the media team will benefit significantly from his guidance and leadership."
It's not the first time that Amscreen and DigiCom have done business together, with the arrangement a reversal of sorts of the 2011 deal which saw Sugar's Amscreen purchase Goddard's previous sales and marketing operation. Goddard has been executive vice chairman of Amscreen since that deal was made, but will now stand down from that position. He will, however, remain in his other role as executive chairman of Ocean Outdoor.
Goddard said:
"Digital out of home is undoubtedly one of the fastest growing and most exciting sectors to be in. The Amscreen media network acquisition offers DigiCom a huge footprint across the UK and access to an excellent product powered by Amscreen. We look forward to bringing a range of new opportunities and offerings to the market in the coming months."
Lord Alan Sugar, chairman of Amscreen |
Simon Sugar, CEO of Amscreen, said of the new partnership:
"This move will allow us to concentrate on our core competencies of hardware and software development whilst the media operation will benefit from Tom Goddard's considerable experience in the OOH environment. We are delighted that we shall continue to work in a truly symbiotic fashion with Tom and believe that the media team will benefit significantly from his guidance and leadership."
It's not the first time that Amscreen and DigiCom have done business together, with the arrangement a reversal of sorts of the 2011 deal which saw Sugar's Amscreen purchase Goddard's previous sales and marketing operation. Goddard has been executive vice chairman of Amscreen since that deal was made, but will now stand down from that position. He will, however, remain in his other role as executive chairman of Ocean Outdoor.
Goddard said:
"Digital out of home is undoubtedly one of the fastest growing and most exciting sectors to be in. The Amscreen media network acquisition offers DigiCom a huge footprint across the UK and access to an excellent product powered by Amscreen. We look forward to bringing a range of new opportunities and offerings to the market in the coming months."