We are moving to 6th year
Istanbul, 22 July 2021
TDG, a global leader in digital transformation, announced “a new age of TDG, 5th year is completed, we are moving to 6th”.
TDG is founded July 22nd, 2016. And below is the “Message from Batur Erdoğan, TDG Global CEO” about the new age.
Dear TDG Stakeholders,
Today, your company is moving to 6th year. We founded TDG on 22nd of July 2016. We positioned us to lead as we enter the era of digitalization and AI. The world is still experiencing disruption as a result of the global pandemic.
What we have witnessed over the past year is an acceleration of digital transformation. Every company in every industry wants to build a much stronger digital foundation to fundamentally change the way its business works. There is no going back. In the next two to three years, we expect to see digital transformation at a rate that, before 2020, we thought would take 5 to 10 years.
Perhaps the most profound and exciting change our clients are experiencing is the adoption of new business models based on digital technologies that TDG is building. This is evident whether you look at the use of AI to offset the massive increase of requests flooding in retailers, or the personalized and secure experiences in areas like digital banking.
We have made decisive moves to help our clients thrive by tapping into the immense power of technology. My confidence in our ability to exit this turbulent period stronger is grounded in the strength of our strategy, the progress of our transformation, and the talent and resilience of TDGers around the world.
In 2020, The fundamentals across our business continue to be strong. Our operating gross profit margin expanded 100 basis points to over 23 percent, an indication of the value our clients derive from our offerings. Operating net income was doubled, even after a significant charge for acquisition and structural actions to improve our go-forward position.
In this environment we also took actions to enhance our balance sheet and liquidity, resulting in a stronger financial position. Free cash flow is the fuel for our growth. We focused our captive financing business on testing, mobility and AI strategy, reducing our external financing needs. We continued to return capital to our shareholders in the form of 10% of Net Income in dividends. We continued the dividend for the 5th consecutive year in an uninterrupted 5 years of paying a dividend, while continuing to invest in technologies, skills, and ecosystems to expand our capabilities and accelerate future growth.
The right strategy for digital transformation
Mobility and AI are the two next great shifts in the technology landscape, and TDG is positioning itself to play a key role in this swift and massive transformation. We see the opportunity at €1 trillion. Most of it is still ahead of us. Meanwhile, the current enterprise deployment rate of AI is only in the single digits.
Based on this foundation, we are successfully leveraging Ecosh, tTesting and Izzy as a unique platform to address what our global, complex, and highly regulated clients need, is open, flexible and secure. Our approach lets clients connect their back office to their front office, modernize mission-critical workloads, build native apps, and securely deploy and manage data and applications across various IT environments.
Everywhere you look today, businesses have an acute need for speed to market, flexibility and nimbleness, and continuous innovation.
One of the best indicators of progress is to look at the pace of client consumption. On that front, we are making good headway. We now have more than 10K+ clients using our technologies, up 90 percent over the past year, as they leverage it to accelerate their own digital transformation journeys.
Putting Izzy, as back-to-office capabilities to work as safely in our offices, Izzy creates the Life-Health Protect against COVID-19 for corporates.
Trust is table stakes for the expansion of technology in daily business processes. TDG clients’ data is their data, and their insights are their insights. That commitment and our industry-leading technology differentiate our technology in the marketplace.
Decisive moves for future growth
Over the past year, we have made a series of decisive moves to support our strategy.
We closed the acquisition of BrowseEmAll, MultiBrowser and Selenium.Academy in June 2020. All are designed to strengthen our tTesting portfolio. They enhance our software, expand our global capabilities in implementation and consulting, augment our offerings, and support our go-to-market to drive digital consumption.
To accelerate consumption of our technology, we have elevated the role of partners and also rapidly expanded our ecosystem by adding new partnerships with global system integrators, independent software vendors and major third-party software partners. We will continue to invest in our ecosystem so that our partners can play a much bigger role in fulfilling the many needs of our clients. Partners are helping broaden the reach of our portfolio.
Being a responsible steward of technology is core to TDG culture and has never been more important than it was in 2020.
We saw how our commitment to Healthy Technology can make a difference during a global emergency. We organized Coder in Action Competition (CiA2020) event to put our fastest technology at the disposal of scientific minds around the world working to understand and combat COVID-19. TDG’s CiA2020 winners helped dozens of organizations and individuals at all levels disseminate information about COVID-19 best practices.
We underlined the position of TDG’s Culture, strengthening our transparency around and commitment to fostering the culture of diversity and inclusion that is the foundation of TDG’s success.
The climate crisis is one of the most urgent issues of our time. TDG has been a leader in corporate sustainability since the first date. We have shared our progress in “CO2 free since born” program to elevate the importance of managing waste, conserving energy, using renewable electricity and reducing carbon dioxide emissions. We are taking other steps to advance our environmental leadership.
Trust is our license to operate, and for more than a decade TDG has earned the trust of our clients and society. We continue to earn it through projects such as our work with our stakeholders to develop principles for ethical AI, and our leadership role in data privacy reinforced by the TDG’s Policy.
I am proud of the work TDGers have done to bring us to this point, and I am grateful to you, our stakeholders, for your support on our journey.
As I look back, for me as for so many other TDGers, 2020 has put the spotlight on TDG’s essential role for our clients and community. Our technologies and services help banks process credit card transactions, businesses run supply chains, telcos connect customers, healthcare providers improve patient care.
TDG’s essential and transformative role in the world is a reminder that few companies have the trust, talent and ingenuity to help clients solve their greatest challenges the way that your company can. TDG is reshaping its future as platform company. I am excited about our ability to emerge stronger as the world recovers from the effects of the global public health crisis, and the possibilities ahead as our clients accelerate their digital transformation journeys.
Chief Executive Officer
TDG was established to accelerate healthy technology development in society. TDG aims to be the world leader in technology development and execution in the field while providing services and solutions in consulting, system integration and business processes management.
TDG, operating in EU and US, offers services and solutions to companies from diverse sectors including manufacturing, finance, sports, health, retail, distribution, media, space, telecom and logistics with its expertise and industry knowledge in the field of technology. In Technology Development Group, people, technology and business are working together to accelerate “Proactive Innovation“ and we are a “Trusted Partner“ for organizations to create their firm of the future, and we are the best place to work for employees. Technology Development Group commits to provide high performance to its stakeholders (customers, employees, community, and shareholders) with high ethical and responsible company policies.
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