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  5. Mercia's nDreams wins multi-million contract with VR company

Pin to quick picksMercia Asset Share News (MERC)

Mercia Asset Information

Share Price Information for Mercia Asset (MERC)

London Stock Exchange
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Share Price: 33.20
Bid: 33.00
Ask: 33.40
Change: 0.10 (0.30%)
Spread: 0.40 (1.212%)
Open: 33.10
High: 33.20
Low: 33.10
Prev. Close: 33.10
MERC Live PriceLast checked at -

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Mercia's nDreams wins multi-million contract with VR company

Thu, 16th Aug 2018 09:04

(Sharecast News) - National investment group Mercia Technologies announced on Thursday that investee company nDreams has won a multi-million dollar contract with an unnamed virtual reality technology company.The AIM-traded firm said the new contract for nDreams, which it described as a "leading" European developer and publisher focused on VR gaming and experience content, represented its most significant contract win to date.Mercia, which holds a 45.6% direct equity stake in nDreams, initially financed nDreams' pivot from developing content for PlayStation Home Virtual Worlds to successfully becoming a specialist in virtual reality content provision.Following early support from Mercia's managed funds, Mercia made its first direct investment into nDreams in December 2014.Since then, nDreams had been working with some of the leading global names in the VR industry including Sony PlayStation, Oculus, HTC, Google and Microsoft."This contract is not only highly significant for nDreams, as it reinforces the substantial potential value of this exciting VR business, but it is also a reflection of the wider inherent value held in the Mercia direct investment portfolio," said Mercia chief executive officer Dr Mark Payton."Today's announcement, which follows the recent Oxford Genetics announcement, is the second multi-million pound contract which Mercia's two largest direct investments by value have recently secured and taken together, demonstrate the tangible commercial progress which the portfolio is making."We expect to announce further positive news from our direct investment portfolio in due course."
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16 Nov 2016 08:16

Mercia Tech increases investment in virtual reality game devloper

(ShareCast News) - Investment company Mercia Technologies has increased its investment by £1m in nDreams, a virtual reality game developer, as part a funding round with other investors. The AIM-listed company's investment was part of a £2m funding round, the first of a two-stage round, alongside a s

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10 Nov 2016 10:52

Mercia Technolgies swings to H1 pretax profit

(ShareCast News) - Investment group Mercia Technologies has swung to a first-half pre-tax profit thanks to a marked improvement in revenue and fair-value gains on investments. "Thus far, over £30m of the IPO proceeds have been invested to strengthen our direct investment portfolio," said chief execu

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10 Nov 2016 10:29

Mercia Bets Technology Holdings Will Benefit From Political Priorities

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27 Oct 2016 14:23

Mercia Technologies puts another £1m into Oxford Genetics

(ShareCast News) - Innovative technology business investor Mercia Technologies announced a follow-on investment of £1m into Oxford Genetics, a synthetic biology company with significant expertise in DNA design, on Thursday. The AIM-traded firm said the investment follows the recent expansion of Oxfo

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11 Oct 2016 08:27

Mercia Reports Progress In Digital & Digital Entertainment Portfolio

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27 Sep 2016 08:23

Mercia Technologies Invests GBP650,000 In Patch Developer Medherant

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21 Jul 2016 14:39

Mercia portfolio company launches first VR game

(ShareCast News) - Investment company Mercia Technologies announced on Thursday that one of its portfolio companies, nDreams, has successfully launched its first major virtual reality game, The Assembly. The AIM-traded firm said the game is currently available for Oculus Rift and HTC Vive, with a Pl

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21 Jul 2016 09:34

Mercia's nDreams Launches First Major Virtual Reality Game

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7 Jul 2016 08:48

Frontier Resources To Move Into Healthcare With Concepta Acquisition (ALLISS)

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30 Jun 2016 11:57

Mercia Technologies Makes Loss As Operations Ramped Up

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30 Jun 2016 10:54

Mercia Technologies' cautious about Brexit as revenues fall

(ShareCast News) - Mercia Technologies reported a full year loss as it expanded its investment portfolio and was cautious about the uncertainty Brexit has bought to the technology investment industry. The technology investment firm's revenue rose to £1.8m for the financial year ending 21 March 2016

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20 Jun 2016 07:32

Mercia Technologies Strikes Four New University Partnerships

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26 May 2016 08:22

Mercia Technologies Chairman Steps Down And Deputy Searle Steps Up

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20 May 2016 16:30

Mercia investment in nDreams paying off

(ShareCast News) - Mercia Technologies announced on Friday that its portfolio company nDreams has been appointed by Google as one of the first developers alongside EA Games and Ubisoft to make apps and experiences for mobile virtual reality platform Daydream. The AIM-traded firm, which says it focus

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20 May 2016 07:35

Mercia's nDreams Wins Virtual Reality Developer Deal With Google

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