NewMedia SPARK PLC
7 January 2000
NewMedia SPARK
invests £713,000 for a minority stake in Purple Voice Ltd
NewMedia SPARK ('SPARK'), the AIM-listed investment company,
announces an investment in Purple Voice Ltd. (Purple Voice).
Purple Voice was founded in 1998 by Richard Seekins and Neil
Gray and has developed software to provide Voice-over-Internet-
Protocol (VoIP) communications to the Business-to-Business
market. Leveraging the founders background, Purple Voice
provides value added voice over LAN/ WAN services to major
international financial institutions, several of whom are
currently Purple Voice customers.
Andrew Carruthers, Chief Operating Officer of SPARK,
commented: 'We are delighted to be working with Purple Voice.
We have led a syndicate of new investors including
ThinkVentures.com Ltd, Craig Rushton and Springboard Venture
Managers, investing a total of £1.8m in Purple Voice. Craig
Rushton, formerly of DEI Group (a value added international
data services business) will be joining the company as Chief
Executive. John Morris of ThinkVentures will also be joining
the Board as a non-executive Director.'
Purple Voice is the 11th investment by SPARK since its
flotation on 28th October, 1999. The previous investments
have been: Digital Animations Group plc, easier!,
Bridge4u.com, LinkGuard, Skillvest.com, Hotbox.co.uk,
crocus.co.uk, WatchMyPrice.com, Synaptic Systems Ltd and
mergermarket.com.
For further information please contact:
NewMedia SPARK 0171 887 4510
Michael Whitaker 0468-555944
Buchanan Communications
Lisa Baderoon 0171 466 5000
Peel Hunt & Company
David Davies 0171 418 8900
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