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Deals in 2004

Iris Technology

Fundraising
Sector Telematics
Funded by Northern Venture Managers

Iris Technology Limited – ICON secures £1m investment for advanced telemetry company.

ICON has successfully advised the management of IRIS Technology Limited on raising a further £1 million equity investment from Northern Venture Managers.

IRIS specialises in Technology for the transmission of data from remote platforms such as moving vehicles or underwater systems. Its product is based upon its Integrated Remote Intelligence System which can transfer large volumes of real time data over a single link directly into its clients' own IT systems. This technology is particularly important for the automotive industry, where it can be used to give cost-effective information in pre and post production vehicle testing. It is currently the only data transfer platform that is accredited by the Vehicle Certification Agency and that has EC 95/96 approval.

IRIS recently won a number of major new contracts and the investment will be used to ramp up the scale of operations accordingly.

Iris Technology Limited
Next Deal

Testimonial

“ICON got the corporate finance tactics spot on. Their support throughout was invaluable.”

Martin Lowson
CEO and Founder, ATS

Sector Expertise

"ICON were outstanding. Without their dedication and market knowledge, this deal would not have happened".

Mark Crosier, CEO Deepstream Technologies.

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