3rd Aug 2021 18:18
Pires Investments PLC - London-based investor - Will net EUR796,753 of the proceeds from the sale of AI software company Artomatix by venture capital fund Sure Valley Ventures, in which Pires holds a 20% interest.
"We are pleased to announce the receipt of the remaining funds from SVV's sale of Artomatix in December 2019. The sale of the company clearly demonstrates SVV's ability to identify high-growth potential opportunities within the software technology sector. Pires' investment strategy is to invest in companies with the ability to increase significantly in valuation post initial investment and subsequently deliver near-term cash returns to Pires and its shareholders," says Chair Peter Redmond.
Current stock price: 6.46 pence
Year-to-date change: up 3.4%
By Dayo Laniyan; [email protected]
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