HMT Corporate Finance advised Catapult Venture Managers Limited on their investment in Yospace Enterprises Limited.
Yospace is a mobile applications innovator and platform provider which was established in 1999 and whose latest product is yospaceCDS, a platform for digital publishers, mobile applications developers and mobile operators which enables online video content to be delivered seamlessly to mobile devices.
Previously part of EMAP and later Bauer, Yospace was acquired by its management team, led by Tim Sewell and David Springall, in 2009.
Ben Bolt, Investment Director for the £30m Catapult Growth Fund, who led the deal on behalf of Catapult, commented:
“We are delighted to have backed the management team at Yospace who combine technical excellence and innovation with commercial flair and astute financial management. Mobile advertising and in particular mobile video have long been the promised land but only now with smart devices dominating the handset market and the availability of the delivery technology is this growth set to be realised.”