Positive News19 Feb 2010 10:34
LONDON (Dow Jones)--Intelligent Environments Group PLC (IEN.LN), the online software provider for financial services, said Wednesday it has successfully raised GBP0.75 million, gross, by way of a placing of 8.34 million ordinary shares at 9 pence.
MAIN FACTS:
-The new shares were placed with established institutional shareholders and the Company's Chairman also subscribed.
-The funds raised will be used to develop IE's NetFinance mobile banking platform in order to address the significant mobile banking opportunity in the U.K. as well as internationally.
-IE is currently recruiting a development team, with a completed mobile banking solution scheduled for launch in April. The lead platform will be the Apple iPhone, followed quickly by support for the Android, Blackberry and Windows mobile platforms.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com
(END) Dow Jones Newswires
February 17, 2010 02:16 ET (07:16 GMT)
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