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Agreement with Microsoft

16 Mar 2016 07:00

RNS Number : 2021S
Forbidden Technologies PLC
16 March 2016
 

16 March 2016

Forbidden Technologies plc

("Forbidden" or the "Company")

 

Agreement with Microsoft

Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of Forscene (the market-leading cloud video platform), Captevate (the consumer video editor), and eva (the video social network), is pleased to announce it has agreed a deal with Microsoft to enable the US corporation to sell Forscene through its Azure Marketplace. Azure is Microsoft's flagship cloud computing offering and Azure Marketplace is the associated online store providing pre-configured software applications, developer services and data for use on the platform.

Media companies are an important vertical for Azure, with thousands of businesses in the space relying on the platform for their cloud computing needs worldwide. As a result of the agreement, Microsoft will now be able to offer its current and prospective clients a true cloud-based, feature-rich video post-production platform for the first time.

'Speed to market' of content is a key competitive advantage for users of Forscene and its deployment on Microsoft Azure will deliver even greater efficiency gains for users through removing the need for 'on premise' hardware.

In line with Forbidden's focus on driving sales growth, the agreement provides the Company with access to Microsoft's substantial sales force and a new sales channel. It also represents further, significant validation of the technology.

Forbidden anticipates that the Forscene sales team will provide Microsoft's international sales team with training in the coming months.

Nicole Herskowitz, Senior Director Product Marketing at Microsoft Corp, said:

"Performance is non-negotiable for our customers, and is critical to the success of their cloud-driven businesses. The addition of Forbidden Technologies to the Microsoft Azure Marketplace will help maximize application performance, and offer customers added choice and flexibility in how they build their cloud strategies over the next several years."

Jason Cowan, Business Development Director at Forbidden Technologies, said:

"Our clients and prospects have been crying out for the ability to set up and run their own Azure - Forscene solution. It's difficult to overstate the impact this new workflow could have on rapid turn around productions. As professional media companies continue their shift away from high capital expenditure workflows to variable cost workflows, Forbidden's partnership with Microsoft positions us perfectly to meet a variety of customer needs."

Aziz Musa, CEO of Forbidden Technologies, said:

"Not only is this agreement a further validation of the efficacy of our technology, it's an important milestone as we further expand our sales apparatus. Whilst we expect to generate some income directly from this agreement in 2016, we anticipate its financial impact being most acutely seen from 2017."

Enquiries:

Forbidden Technologies plc

Stephen Streater, Chairman

Aziz Musa, Chief Executive

Tel: +44 (0)20 8879 7245

 

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Richard Short

Katrina Perez

Tel: +44 (0)20 3328 5656

 

Redleaf Communications (Financial PR Adviser)

Rebecca Sanders-Hewett

David Ison

Susie Hudson

Tel: +44 (0)20 7382 4730

Email: forbidden@redleafpr.com

 

About Forbidden Technologies plc

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

 

The Company develops and markets a powerful cloud video platform, which is used by broadcasters, in professional web video, in education and by consumers. The Company platform is one of the world's most advanced browser-based and mobile platforms, which underpins Forscene in professional markets, its eva video social network and its new consumer video editor, Captevate.

 

Websites:

www.forbidden.co.uk

www.forscene.com

www.eva.co

www.captevate.com

 

Social media:

www.facebook.com/FORscene

www.plus.google.com/+Forscenepro/posts

www.linkedin.com/company/forscene

www.twitter.com/forscenepro

www.youtube.com/user/ForsceneTraining

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGREAKDSFSNKEFF
Date   Source Headline
5th May 20157:01 amRNSConsumer video editor named 'Captevate'
2nd Apr 20157:00 amRNSPreliminary Results
24th Mar 20152:10 pmRNSNotice of Results
29th Jan 20157:00 amRNSPre-Close Trading and Strategy Update
27th Jan 20152:16 pmRNSTR1 Notification of Major Interest in Shares
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2nd Dec 20147:00 amRNSTrading Update
4th Nov 20147:00 amRNSUpdate on eva
2nd Oct 20147:00 amRNSFirst Canadian Forscene Service Provider
30th Sep 20147:00 amRNSUpdate on eva
25th Sep 20149:46 amRNSGrant of share options
22nd Sep 20147:00 amRNSIBC Summary
1st Sep 20147:00 amRNS"eva", Forbidden's new social video platform
11th Aug 20147:00 amRNSForscene now available for iPad
28th Jul 20147:00 amRNSInterim Results
14th Jul 20147:00 amRNSNotice of Results
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6th Jun 201412:26 pmRNSResult of AGM
6th Jun 20147:00 amRNSAGM Statement
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28th Apr 20144:00 pmRNSGrant of share options - Replacement
28th Apr 201411:19 amRNSGrant of share options
8th Apr 20147:00 amRNSCorporate Rebrand
7th Apr 20147:00 amRNSPresence at NAB Show 2014
4th Apr 20147:00 amRNSPresenting at the UK Investor Show 2014
2nd Apr 20147:00 amRNSPartnership with T3Media
17th Mar 20147:00 amRNSFinal Results
10th Mar 20147:00 amRNSAdditional Research Coverage
5th Mar 20147:00 amRNSEstablishment of US Subsidiary
26th Feb 20147:00 amRNSNotice of Results
4th Feb 20147:00 amRNSAppointment of Non-Executive Director
30th Jan 20147:00 amRNSTrading Update
9th Dec 201310:00 amRNSAppointment of Financial PR Adviser
18th Nov 20137:00 amRNSAppointment of General Manager in North America
13th Nov 20137:00 amRNSForbidden ranked in the Deloitte Fast 50
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4th Sep 20137:00 amRNSFORscene used by record numbers
1st Aug 201311:45 amRNSTotal Voting Rights
25th Jul 20137:00 amRNSGrant of share options
23rd Jul 20137:00 amRNSInterim Results
19th Jul 201311:03 amRNSTR1 Notification of Major Interest in Shares
18th Jul 20133:46 pmRNSTR1 Notification of Major Interest in Shares
15th Jul 20133:24 pmRNSResult of General Meeting
12th Jul 20137:00 amRNSResult of Open Offer
24th Jun 20137:00 amRNSAdvance VCT and EIS assurance for fund raising
20th Jun 20137:00 amRNSProposed Firm Placing and Open Offer

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