Dublin-based mobile phone services firm Zamano this morning started trading on the Alternative Investment Market in London.
The AIM placing has raised about €6m for the company which it says will enable it to make further strategic acquisitions, increase investment in new technology and expand into new terrorities.
Set up in 2000 to take advantage of a growing demand for mobile services, Zamano is now a market leader in Ireland while it also has a strong presence in the UK and just started trading in Australia earlier this year.
According to research, the global market for mobile content is predicted to be worth $11 billion this year, and is expected to grow to €50 billion by 2011.
'Solid investor support for our listing on AIM is a strong endorsement of our achievements to date and demonstrates their confidence in our strategy going forward,' commented Zamano's Managing Director John O'Shea.
