Round up of Northern Tech Stories - April 2011 by Techcelerate


Posted by superuser on Monday 4th of April 2011 | 0 Comment(s)

Here is a round up of recent northern tech stories:

+ Bray looks to build second software empire - Tony Bray, the former sales & marketing director of Version One, who owned half of the company alongside founder Derek McGain until a sale to CedarOpenAccounts in 2007, has now begun embarking on drumming up sales for his latest venture, Intuitive Business Intelligence.

+ Media sector leads way for funding requests - Figures for January to March 2011 showed requests for funding ranged from £100,000 to £5m. The average request was £600,000.

+ Envestors to fund university tech spin-outs - Envestors is currently working with Imagen Biotech, which is based in UMIC’s facilities at the Manchester Bioscience Incubator, to provide investment support. Imagen Biotech has developed analysis software which helps pharma firms to manage the drug screening process.

+ NCC's revenues surge despite 'stagnating' economy - The acquisitive Manchester company said trading between December 1 and the end of March had been in line wiith expectations, and revealed that in the first 10 months of the current financial year revenues are 53% up on the same period last year at £57.6m.

+ Setgo raises £50,000 investment from the Merseyside Special Investment Fund (MSIF) through the Northwest Regional Development Agency’s (NWDA) small loans for business scheme - "The loan has enabled us to secure additional finance as well as fund the continuing development, marketing and revenue of our existing title,” he said. “We are also looking to penetrate new markets abroad, particularly in South America and Europe.”

+ Technology and gaming entrepreneur Chris Sheffield is to run the offshore digital business of North West bookmaker BetFred - The former owner of mobile gaming site Million to -1 will be based in Gibraltar and will report directly to Fred Done, the founder of the business who Sheffield described as his "hero".

+ Daisy acquires the assets of Telinet and Ipitomi for £15.4 million in cash. According to The Business Desk, Daisy Group has bought the assets of Telinet and Ipitomi businesses for £15.4 million in cash, from London-based technology firm Niu Solutions Holding Ltd.