Angle PLC
11 February 2005
For Immediate Release 11 February 2005
ANGLE plc
CUSTOMISER GROUP: NEW VENTURE COMPANY
ANGLE plc, the venture management and consulting company specialising in the
commercialisation of technology, is pleased to announce the launch of its latest
venture company, Customiser Group Ltd ('Customiser').
In accordance with ANGLE's Progeny(R) process for creating new ventures,
Customiser has secured intellectual property utilising psychological profiling
(more normally found in clinical psychology) and advanced pattern recognition.
The approach has been developed and patented by a team of leading academics
across a number of UK Universities. ANGLE expects to spend up to £500,000 in
this Progeny(R) venture.
Global spend on the internet is now well in excess of $100bn per year and
revenues from internet advertising now exceed $10bn per year. The market for
tailoring content to individual users is still in its infancy, but is already
generating several hundred million dollars per annum in revenue and is widely
predicted to grow rapidly.
Customiser's technology improves targeting of on-line advertising on internet
portal sites, relevancy of search results and product recommendations within
retail sites. The Customiser solution produces substantially better results
than rivals which rely simply on data such as demographics and internet browsing
behaviour.
It is expected that in the future, through Customiser's solution, internet users
will welcome personalised online adverts, search results and product
recommendations rather than wasting time with irrelevant information. Similarly
internet advertisers and retailers will target personally meaningful adverts and
product recommendations to receptive customers.
Commenting on the collaboration with ANGLE, the technology development team's
Andrew Fraser, said:
'We believe that internet personalisation will be worth several billion dollars
in the next few years and our collaboration with ANGLE will place us in an
outstanding position in this market.'
ANGLE's Chief Executive Andrew Newland said:
'Customised on-line advertising and internet retailing are new but significant
markets with enormous potential for growth. Customiser's solution offers
increased effectiveness in internet advertising, search results and product
recommendation placing us at the forefront of the rapidly emerging
personalisation market.'
For further information
ANGLE plc 01483 295830
Andrew Newland, Chief Executive
Dawson Buck, Deputy Chief Executive
Buchanan Communications 020 7466 5000
Richard Darby, Suzanne Brocks
Notes to Editors
Founded in 1994, ANGLE is an international venture management and consulting
company focusing on the commercialisation of technology and the development of
technology-based industry. ANGLE creates, develops and advises technology
businesses on its own behalf and for its clients.
This information is provided by RNS
The company news service from the London Stock Exchange
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