Hubwoo Announces 2012 Annual ResultsMarch 28, 2013
Paris – 28th March 2013 – Hubwoo SA (Euronext: HBW.NX), a leading collaborative business network provider, today announced financial information for 2012, in accordance with the “European Transparency Obligations Directive” financial disclosure requirements.
Greg Mark, Hubwoo Chairman & CEO commented: “As we look back on 2012, we acknowledge that market activity beyond our control has resulted in the need for us to transform away from strategies of the past. As we continue to innovate around the vision of creating the first truly all business network, we look to challenge past business models of valueless fee structures and focus on business process innovation in the cloud. Transformation, unfortunately, involves disruption and clearing this new corporate strategy has negatively impacted our financial performance in 2012. Notwithstanding these results, we are pleased with the progress we are making in creating The Business Network by Hubwoo.”