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Forbidden Technologies Raises GBP1.3 Million To Grow Platforms (ALLISS)

Mon, 9th May 2016 06:50

LONDON (Alliance News) - Forbidden Technologies PLC on Monday said it has raised GBP1.3 million through a share placing to back growth plans for its products.

Forbidden, which makes the Forscene cloud video platform, Captevate consumer video editor and Eva video social network, said it has issued 18.6 million shares at 7.00 pence per share. Shares in the company closed at 9.38p on Friday.

The net proceeds from the placing will be used to boost professional sales efforts for the Forscene platform and to advance marketing activity for the Captevate and eva platforms.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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