16th Mar 2020 16:14
(Alliance News) - Video data & analytics firm Big Sofa Technologies PLC put itself up for sale on Monday to help it capture "substantial" future opportunities.
This comes after the firm said earlier Monday it had cash which would last until May. Any equity raise had been planned, but due to market "turbulence" could not be completed.
Shares were suspended from trading in London when the earlier announcement was made.
London-based Big Sofa said the adoption of its technology has risen significantly over the past year with both new and existing clients, reflecting demand for video technology which can analyse "sophisticated" behavioural data.
Wyvern Partners Ltd has been appointed as an advisor to help manage the sale process.
By George Collard; [email protected]
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