CLL.L Regulatory News (CLL)

26 Apr 2007 07:01

Cello Group plc26 April 2007 26 April 2007 Cello Group plc Cello broadens online research offer with investment in nQual Cello Group plc ("Cello", AIM: CLL) announces today that it has invested£150,000 in cash to take a 21% stake in Nqual Limited ("Nqual"), via asubscription for new shares. Founded in 2005, Nqual (www.nqual.com) is an innovative supplier of onlinequalitative market research solutions. Its software products allow clients toconduct qualitative surveys online, complementing more traditional face to faceinterview techniques. This investment broadens Cello's online research capability and complements theGroup's existing businesses in the data capture area, FML, Kudos and DigitalPeople. Mark Scott, Chief Executive, commented: "Cello has transformed over the past two years into a large research andconsulting business, with real strength in qualitative research across a numberof client sectors. Online research is fundamental to our growth, and therelationship with Nqual allows us to further enhance the online solutions we canoffer our clients." Enquiries: Cello Group plcMark Scott, Chief Executive 020 7812 8460 College HillAdrian Duffield/Ben Way 020 7457 2020 Notes to Editors (www.cellogroup.co.uk) Cello is a market research and consulting group that listed on AIM in November2004. The Group's strategy is to create value for shareholders by building aportfolio of research and consulting businesses capable of advising blue chipclients globally. Cello has annualised turnover in excess of £80 million, grossprofits of over £40 million and employs approx 550 professional staff. This information is provided by RNS The company news service from the London Stock Exchange