LONDON (Alliance News) - TMT Investments PLC Monday said it has bought a 2.69% stake in US-based networking and cloud services company Weaved Inc for USD250,000.
TMT Investments invests in high-growth, internet-based companies across a variety of sectors. Weaved provides the software and services necessary to securely connect devices across the Internet with the mission of becoming the (domain name system for "the Internet of Everything".
Weaved's products and services are already used by brands including Cisco, Philips and Astak, with Weaved-enabled devices available in mass retail, TMT said in a statement.
TMT Investments shares last traded at USD1.9875 in London.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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Tmt Investments (TMT)