Milestone Group has gained the rights to sell Florida-based JumpStart Wireless Corporation’s software in the UK.
Milestone has also invested $100,000 (£60,000) in a 3% stake in JumpStart.
The JumpStart software helps to automate the paperwork of a business’ field staff by using mobile phones and Blackberrys. JumpStart’s software is already available to 25m mobile workers in the US.
Milestone will receive a “significant percentage of the gross revenues” from sales in the UK. Milestone will also receive shares in JumpStart if it achieves its performance targets.
Telecoms industry expert Dr. Marios Gerogiokas has been appointed to run the sales and operations of this business in the UK.
At 1.85p a share, Milestone is valued at £1.63m.
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