26 Oct 2010 14:24
IS Solutions Plc
Strategic Investment in Speed-Trap
IS Solutions Plc ("IS Solutions" or "the Company") is pleased to announce that it has agreed to make a strategic investment of £700,000 in Speed-Trap Holdings Limited ("Speed-Trap"). Speed-Trap is a privately-held independent software vendor of patented technologies that analyse how users interact with on-line applications. Founded in 1999, Speed-Trap has a partner network that includes Oracle, Teradata, SAS and IS Solutions.
IS Solutions is investing alongside the international private equity and investment banking firm Beringea LLP, and will invest £200,000 immediately with the balance being invested in the first half of 2011. John Lythall will join the board of Speed-Trap with immediate effect.
John Lythall, Managing Director, commented;
"We are delighted to have this opportunity to strengthen our relationship with Speed-Trap. Their software is an integral part of our expansion in the analytics arena and alongside managed services will continue to be a key driver in our continued growth"
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Enquiries: |
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| Peter Kear, Marketing Director | Fiona Tooley or Keith Gabriel |
| IS Solutions Plc | Citigate Dewe Rogerson |
| +44 (0) 1932 893333 | Tel: +44 (0) 121 362 4035 Mobile: +44 (0)7785 703523 (FMT) |
| www.issolutions.co.uk |
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| Ticker: AIM: ISL | Geoff Nash/ Charlotte Stranner - Corporate Finance Stephen Norcross - Corporate Broking |
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| FinnCap |
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| Tel: +44 (0) 203 207 3253 |