Shares in Forbidden Technologies nearly doubled at one point after it announced a deal with YouTube.
YouTube has licensed Forbidden’s FORscene Cloud editing platform and this will be part of a much larger system for remote video editing and publishing.
The agreement is expected to make “a significant contribution” to Forbidden’s figures over the next 12 months. The share price ended the day at 29p, up 13.25p, which values Forbidden at £25.1m.
Forbidden reported revenues of £372,000 in 2010 and there was net cash of £1.02m at the end of December 2010.
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