16th Mar 2016 09:08
LONDON (Alliance News) - Forbidden Technologies PLC on Wednesday said it has signed a deal with US technology giant Microsoft Corp for it Forscene cloud video platform.
Under the deal, Microsoft will be able to sell the Forscene platform through its Azure cloud computing marketplace.
"Not only is this agreement a further validation of the efficacy of our technology, it's an important milestone as we further expand our sales apparatus. Whilst we expect to generate some income directly from this agreement in 2016, we anticipate its financial impact being most acutely seen from 2017," said Aziz Musa, Forbidden's chief executive.
Forbidden shares were up 44% to 13.30 pence on the news.
By Sam Unsted; [email protected]; @SamUAtAlliance
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