News blog
Zamano
- BY: Andrew Hore |
- POSTED: 10/12/2009 |
Mobile services and content provider Zamano is raising €2.5m at 18 cents a share in order to invest in new business areas.
The Ulster Bank Diageo Venture Fund is buying the shares.
At 19p a share, up 1p on the day, the existing share capital is valued at £15.4m.
Smartphone applications and mobile advertising are the areas where Zamano wants to grow. Smartphone applications are expected to be worth €16bn by 2013, while the mobile advertising market could be worth €15bn by then.
Zamano will use €1m to cut debt and the rest on the new operations.
Zamano has already launched a new iPhone application, Publish-i, with the Irish Rugby Football Union, which enables supporters to read official match programmes.
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