| CATEGORY: SMALL CAPS NEWS SECTOR: SUPPORT SERVICES |
Angle investment secures high profile partner |
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Mon 26 Jul 2010
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LONDON (SHARECAST) - Technology consultancy and investment company Angle says that its portfolio company Geomerics has agreed a corporate partnership with one of the world's leading technology companies.
The partner will invest up to £2.3m in Geomerics, of which £1m is dependent on milestones being achieved.
Angle currently owns 47% of Geomerics, which has developed software called Enlighten that improves lighting in computer graphics. This deal should still leave Angle with more than 30% of Geomerics.
The Geomerics stake was valued at £2.2m in Angle's accounts for the year to April 2010.
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