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First South African public sector sale

11 Mar 2016 07:00

RNS Number : 7732R
Forbidden Technologies PLC
11 March 2016
 

11 March 2016

Forbidden Technologies plc

("Forbidden" or the "Company")

 

First South African public sector sale

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 an existing client, a global leader in digital services, for it to supply a South African Government authority with Forscene in order to address the demand for video editing staff from the public broadcast sector. 

The deal will see Forscene used as a training tool for unemployed youth, learners and teachers. The initial paid pilot phase of the project will be with 150 students. Following a successful pilot, 150 new students are expected to be added every quarter, with the Company moving to an annual licensing deal in the later part of 2016.

This deal demonstrates that Forbidden can successfully extend the reach of its ground breaking Forscene product by selling through international intermediaries and systems integrators.

Deputy Minister Stella Ndabeni-Abrahams said during the 2015/16 South African Budget speech:

"SABC and MDDA [Media Development & Diversity Agency] will support the community radio sector, through the programme production initiative which will be targeting young people. In partnership with Forscene we are going to train unemployed youth, learners and teachers on Online Video Editing Software."

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

"This deal has been in the pipeline for some time and we are delighted to have begun the proof of concept. Whilst there's no guarantee that the full scope will be signed off we are extremely confident that the benefits Forscene can deliver in this project are significant."

Aziz Musa, CEO of Forbidden Technologies, said:

"Aside from the revenue significance of this deal, I am delighted that the team have been able to revive existing global deals that we signed in years gone by. This deal is another result of our strategy and focus working."

 

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
 
 
MSCSFFEDSFMSEDD
Date   Source Headline
29th Oct 20127:00 amRNSChange of Name of Nominated Adviser
8th Oct 20127:00 amRNSEnvy installs additional FORscene Server
10th Sep 20127:00 amRNSFORscene to be hosted by Atos in South Africa
3rd Sep 20122:59 pmRNSTotal Voting Rights
28th Aug 20127:00 amRNSRapid Pictures chooses FORscene
21st Aug 20122:05 pmRNSAward of share options
20th Aug 20127:00 amRNSSports Update
7th Aug 20127:00 amRNSExercise of options
6th Aug 20127:00 amRNSExercise of option
31st Jul 20127:00 amRNSExercise of option
24th Jul 20127:00 amRNSHalf Yearly Report
16th Jul 20127:00 amRNSEnters corporate market with Pegasus Works
11th Jul 20127:00 amRNSHalo chooses FORscene platform
9th Jul 20127:00 amRNSLion Television's Glasgow facility adds FORscene
2nd Jul 20127:00 amRNSFORscene wins major sports deal with YouTube
18th Jun 20127:00 amRNSFORscene wins sports deals
9th May 20127:00 amRNSAward of share options
27th Apr 201212:16 pmRNSResult of AGM
27th Apr 20127:00 amRNSAGM Statement
26th Mar 20127:00 amRNSFinal Results
13th Feb 20127:00 amRNSFORscene to showcase latest features at BVE 2012
1st Feb 20127:00 amRNSChange of Adviser
30th Jan 20127:00 amRNSTechtel distributes FORscene into SE Asian market
23rd Jan 20127:01 amRNSChange of Broker
16th Jan 20127:00 amRNSTrading Statement
9th Jan 20127:00 amRNSGorilla Group chooses FORscene
19th Dec 20117:00 amRNSDirector's dealing
14th Dec 20117:00 amRNSDirector/PDMR Shareholding
12th Dec 20117:00 amRNSForbidden licenses FORscene to YouTube
10th Oct 20117:00 amRNSDirector/PDMR Shareholding
7th Oct 20117:00 amRNSDirector/PDMR Shareholding
20th Sep 20117:00 amRNSInterim Results
30th Jun 20116:01 pmRNSTotal Voting Rights
17th Jun 201112:36 pmRNSResult of AGM
17th Jun 201111:00 amRNSAGM Statement
9th Jun 20117:00 amRNSExercise of Option
4th May 20112:49 pmRNSTotal Voting Rights
1st Apr 20117:00 amRNSExercise of options
31st Mar 201110:18 amRNSTotal Voting Rights and Capital
31st Mar 20117:00 amRNSFinal Results
3rd Mar 20117:00 amRNSExercise of Option
31st Jan 201110:41 amRNSTotal Voting Rights
28th Jan 201110:08 amRNSExercise of Option
26th Jan 20117:00 amRNSExercise of Option
25th Jan 20117:30 amRNSSystems integrator update
25th Jan 20117:00 amRNSAgreement with global systems integrator
2nd Dec 20107:00 amRNSFORscene Cloud added by Siemens in India
8th Nov 20107:00 amRNSShare Option Grant
29th Oct 20103:28 pmRNSTotal Voting Rights
29th Oct 20107:00 amRNSLoan Repayment

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