Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBlackbird Regulatory News (BIRD)

Share Price Information for Blackbird (BIRD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.70
Bid: 4.50
Ask: 4.90
Change: 0.00 (0.00%)
Spread: 0.40 (8.889%)
Open: 4.70
High: 4.70
Low: 4.70
Prev. Close: 4.70
BIRD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Systems integrator update

25 Jan 2011 07:30

RNS Number : 9964Z
Forbidden Technologies PLC
25 January 2011
 



25 January 2011

 

Forbidden Technologies plc

 

("Forbidden" or the "Company")

Systems Integrator Update

 

Forbidden Technologies plc, the owner and developer of the FORscene Cloud video platform, is pleased to report on progress with its Systems Integrator strategy.

Forbidden has built its own Cloud video infrastructure which it uses to service its post-production clients in the Broadcast and Professional Web markets. Last year, Forbidden announced that it was looking to extend its market penetration by signing deals with Systems Integrators, who have the technical ability to build their own FORscene Cloud Servers to support their own clients.

To date, three such agreements have been signed, including the one announced earlier this morning. These agreements allow Systems Integrators to build and sell their own Cloud Servers, running Forbidden's software, and to provide FORscene to their customers around the world. Each Systems Integrator will support its customers directly, enabling Forbidden to drive onward the development of the FORscene platform.

The income Forbidden expects from deals being discussed between the Systems Integrators and each of their clients is expected to be typically of an order of magnitude larger than Forbidden's individual direct sales to broadcast post-production clients.

In recent months, Forbidden Technologies has signed deals with two regional and one global systems integrator. Whilst these deals have yet to result in an order for a complete Cloud system, the Systems Integrators are actively promoting FORscene to potential clients. Money from preliminary work is already starting to trickle in.

Although the major step change in revenue resulting from customers of the Systems Integrators did not come through in the last quarter of 2010, the Board is pleased with the organic growth in both customer numbers and size of orders for its own Cloud Servers, and the ability of its Cloud infrastructure to support this growth. The Board feels that the increasing revenue from its own Cloud underpins the value of FORscene to Systems Integrators and their potential clients.

Stephen Streater, CEO of Forbidden Technologies, said:

"The willingness of Systems Integrators to adopt FORscene validates Forbidden's strategy of approaching them during last year. Their access to world markets will make a significant impact on Forbidden's chances of being a major player in the market for professional Cloud-based video tools."

Greg Hirst, Business Development Director of Forbidden Technologies added:

"All the Systems Integrators mention the need for patience in our dealings with them, as the nature of their businesses demands that customer projects are carefully planned and well thought-out. The recent agreements follow several months of detailed discussions and support my belief in the potential of Forbidden's growth strategy."

 

About Forbidden Technologies

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

 

The Company develops and markets a powerful internet video platform, FORscene, which is used by broadcasters, in professional web video, in education and by consumers. FORscene is one of the world's most advanced browser-based applications, operating in The Cloud.

 

Enquiries

 

Forbidden Technologies plc Tel: +44 (0)20 8879 7245

Stephen Streater, CEO

 

Brewin Dolphin Tel: +44 (0)845 213 4726

Neil Baldwin, Nominated Advisor

 

Bishopsgate Communications Tel: +44 (0) 20 7562 3350

Duncan McCormick/Deepali Schneider/Natalie Quinn

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBIMFTMBATBRB
Date   Source Headline
31st Aug 20177:00 amRNSAppointment of CEO
21st Aug 20177:00 amRNSForbidden makes a strategic move to JavaScript
18th Aug 20177:00 amRNSForbidden expands deal with iconic sporting venue
12th Jul 20177:00 amRNSForscene licensed to North American media company
11th Jul 20177:00 amRNSForbidden Technologies reaches agreement with F2
6th Jun 20171:22 pmRNSResult of Annual General Meeting
6th Jun 20177:00 amRNSAGM Statement
1st Jun 20177:00 amRNSForscene and Deltatre
22nd May 20177:00 amRNSDebut in new high growth eSports market
5th May 20173:47 pmRNSNotice of AGM
19th Apr 20177:00 amRNSExtension of Paid Proof of Concept
3rd Apr 20177:00 amRNSGrant of Share Options
30th Mar 20174:20 pmRNSAnnual Report and Accounts
13th Mar 20177:00 amRNSPreliminary Results
22nd Feb 20172:35 pmRNSBoard change and notice of preliminary results
23rd Jan 20177:00 amRNSNext generation of Blackbird video codec
16th Jan 201712:31 pmRNSForscene Sports deal
30th Dec 20167:00 amRNSTotal Voting Rights
29th Dec 20163:38 pmRNSHolding(s) in Company
28th Dec 201611:52 amRNSResult of General Meeting
28th Dec 20167:00 amRNSHolding(s) in Company
9th Dec 20167:00 amRNSHolding(s) in Company
1st Dec 201611:15 amRNSAtos in South Africa moving to next stage
1st Dec 20167:00 amRNSPlacing to raise £3 million & Notice of GM
4th Nov 20167:00 amRNSForbidden signs ADAPT Project
26th Oct 20167:00 amRNSNew Forscene platform apps
11th Oct 20164:00 pmRNSHolding(s) in Company
26th Sep 20164:17 pmRNSDirectorate change
6th Sep 20167:00 amRNSInterim Results
18th Aug 20165:00 pmRNSHolding(s) in Company
18th Aug 20167:00 amRNSNotice of Results
3rd Aug 20167:00 amRNSForscene partners with Fanview for sports content
1st Aug 20167:00 amRNSDeal With Iconic Sporting Venue
28th Jul 201611:27 amRNSRelated Party Transaction
4th Jul 20167:00 amRNSForbidden mobile upload app launched
30th Jun 20167:00 amRNSTotal Voting Rights
29th Jun 20167:00 amRNSForscene - first Middle Eastern production
10th Jun 201612:15 pmRNSHolding(s) in Company
8th Jun 20167:00 amRNSGrant of Share Options
6th Jun 20161:55 pmRNSResults of GM and AGM
6th Jun 20167:00 amRNSGM Statement
31st May 20161:45 pmRNSTotal Voting Rights
25th May 20167:00 amRNSNew eva channel deal
20th May 201612:43 pmRNSHolding(s) in Company
9th May 20167:00 amRNSPlacing, Notice of GM, AGM & Board Changes
6th May 201612:44 pmRNSDirectorate Changes
4th May 20167:00 amRNSPaid Proof of Concept with Broadcaster
3rd May 20167:00 amRNSNew sporting events using Forscene
31st Mar 20165:30 pmRNSTotal Voting Rights
30th Mar 20167:00 amRNSFirst Captevate Customers

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.