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Strategic Investment in Speed-Trap

26th Oct 2010 14:24

RNS Number : 0314V
IS Solutions PLC
26 October 2010
 



 

 

 

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"

 

 

 

 

Enquiries:

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

Ticker: AIM: ISL

Geoff Nash/ Charlotte Stranner - Corporate Finance

Stephen Norcross - Corporate Broking

FinnCap

Tel: +44 (0) 203 207 3253

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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