Companies

Crimson Tide

Overview

Crimson Tide provides remote access to e-mails and mobile field sales systems via handheld computers and mobile phones. It reversed into former metals trader turned cash shell A Cohen on 22 August 2006. Cohen, had been looking for an acquisition for at least three years following its transfer from the Main Market in 2003. It paid £3m in shares - at 1.5p a share - for Crimson Tide. The business also raised £500,000 net at 1.5p a share in order to boost marketing and finance growth in the business. The service can be used on Palm, and Blackberry handheld computers. It is sold on a subscription basis on a charge per month for each user. Crimson Tide supplies the handheld computer, hosts the service and provides software. Although Crimson Tide has been a software company since the 1990s the mobile data services part of the business has only been going since 2003. At the end of 2006 Crimson Tide paid an initial £220,000 in cash and shares for Ireland-based mobile data services provider Intelligent Data. Crimson Tide raised £220,000 at 1p a share in June 2007 and £300,000 at 1.21875p a share in April 2008. www.crimsontide.com

Sector: Telecoms

News blog

• Crimson Tide Posted: 14/04/2015
• Crimson Tide Posted: 12/05/2011
• Crimson Tide Posted: 11/08/2009

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