Mobile Streaming Company Vimio To IPO in London This Week

(sub. req.) Vimio, the mobile streaming and compression comapny based in Dublin, Ireland, is set to float on Alternative Investment Market (AIM) in London this week. The company claims it can compress wireless media content to mobile phones to one-tenth the size of most competitors’ products, while maintaining visual and audio quality.
The technology was developed in a joint venture at Umea University in Sweden and later acquired by Vimio, based in Ireland.
It will use the $10 million proceeds from the listing to develop sales and marketing, particularly in China. A good profile of Vimio is here.
Related: MTC-Vodafone to Launch Mobile Music Service

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