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LONDON (Alliance News) - Forbidden Technologies PLC Monday said it has generated momentum over the last half year with a stronger sales focus, and three products with access to more market opportunities than it previously had.
The cloud video editing technology company undertook a "significant reorganisation" in the last year to focus on the commercial development of its business, strengthen its executive team and launch its video social network Eva.
In a statement ahead of its annual general meeting, recently appointed Chairman David Main said that since the end of 2015 Forbidden Technologies has continued to sign important commercial agreements. In addition to the sales momentum, Main said it was important to note that the company's sales are primarily focused on customers with the potential for recurring revenue.
"I am confident that the company, with its unique cloud platform based positioning, has the right strategy, team and resources available to successfully take the business forward," said Main in the statement.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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