Strategic Investment in Speed

RNS Number : 0314V

IS Solutions PLC

26 October 2010

 



IS Solutions Plc

Strategic Investment in Speed-Trap

IS Solutions Plc ("IS Solutions" or "the Company") is pleased to announce that it has agreed to make a strategic investment of £700,000 in Speed-Trap Holdings Limited ("Speed-Trap").  Speed-Trap is a privately-held independent software vendor of patented technologies that analyse how users interact with on-line applications. Founded in 1999, Speed-Trap has a partner network that includes Oracle, Teradata, SAS and IS Solutions.

IS Solutions is investing alongside the international private equity and investment banking firm Beringea LLP, and will invest £200,000 immediately with the balance being invested in the first half of 2011.  John Lythall will join the board of Speed-Trap with immediate effect.

John Lythall, Managing Director, commented;

"We are delighted to have this opportunity to strengthen our relationship with Speed-Trap.  Their software is an integral part of our expansion in the analytics arena and alongside managed services will continue to be a key driver in our continued growth"

Enquiries:
Peter Kear, Marketing Director	Fiona Tooley or Keith Gabriel
IS Solutions Plc	Citigate Dewe Rogerson
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www.issolutions.co.uk
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