The Content
Management provider Mediasurface announced on August
26th 2004 that it has become a publicly traded company on the AIM market of the
London Stock Exchange (ticker MSR).
The transaction,
handled by brokers KBC Peel Hunt, is now complete and admission to the market
secured with £2m in funding being raised. The pre-money valuation of the
company was £7.2m and the post money £9.2m.
It is testimony to Mediasurface’s successes to
date that it not only succeed in floating, but that
its major investors (3i, Elderstreet, Index) have
pledged their support by further investing in the company.
Lawrence Flynn,
CEO of Mediasurface said of the announcement: “The
flotation means that Mediasurface is now positioned
to become the success I know it can be.
We now have the
financial resources and credibility to ensure we fully exploit our
opportunity.”
About Mediasurface
Mediasurface provides software that empowers the
business user to build and manage sophisticated content
driven websites.
Mediasurface software combines an interactive,
graphical look and feel with industrial strength technology. Easy to use,
business professionals can manage sites seamlessly, enabling authorised
personnel to effortlessly update the content they ‘own’ without needing
technically skilled web authors to craft HTML pages by hand.
Mediasurface helps organisations reduce the risks and
costs involved in building and running websites and other digital channels. It
increases their ability to keep pace with change and assures the quality of the
content published – ultimately increasing the usefulness of these online
resources.
A British born
company headquartered in
www.mediasurface.com
We are pleased to announce the successful recent
funding of Mediasurface one of the country's leading
developers of Web content management systems.
Ben Hayman the CEO was
recently reported in the Sunday nationals as saying the future for the business
is excellent and the management are preparing the company for a floatation in
the near future. We are delighted to have chaired the company from the first
round of finance and are now pleased to advise that Graham Summers is now
operating Chairman for the company through this important stage of its
development.
We remain investors in this dynamic business and
wish everyone involved every success in achieving their goals. For more
information about the company please visit their web site.