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VC funding for B2B text messaging specialist 2sms

2sms, a Milton Keynes-based provider of text messaging services to businesses, has secured £450,000 in venture capital (VC) to expand its business in the US.

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PayStream buys Mimax Mosaic

Diversified accountancy and tax services provider PayStream has bought umbrella fund provider Mimax Mosaic, increasing its presence in Scotland.

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Eurobrand deal forms The Good Agency

Ethical consumer communications firm Ideas Eurobrand has merged with charity marketing specialist Cascaid to form a new agency, The Good Agency.

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Marston’s drinks to Dorset deal

Pub operator Marston’s has bought the Inn on the Chase, a country pub in the village of Cashmoor, Dorset.

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Spiritel makes tdotcom move

Spiritel, a provider of telecommunications services, has bought tdotcom, a re-seller of Mitel equipment and services, for up to £260,000.

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Ascribe buys Scorpio

Health IT group Ascribe has purchased Scorpio Information Systems, a supplier of clinical information management systems to the UK National Health Service, for £1.31 million.

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European VC investment drops in 2007

Venture capital (VC) investment in European companies fell to €1.21 billion (£920 million) in the fourth quarter of 2007, down 20.4 per cent on the same period of 2006, according to research institute Library House.

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Nomad Payments sale doubles investors’ money

Payment processing business Nomad Payments, which specialises in the prepaid and debit card market, has been acquired by US banking technology provider Metavante Technologies for $58 million (£30 million).

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European VC investment drops in 2007

Venture capital (VC) investment in European companies fell to €1.21 billion (£920 million) in the fourth quarter of 2007, down 20.4 per cent on the same period of 2006, according to research institute Library House.

News

Nomad Payments sale doubles investors’ money

Payment processing business Nomad Payments, which specialises in the prepaid and debit card market, has been acquired by US banking technology provider Metavante Technologies for $58 million (£30 million).

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Employees take control at TSW Training

Management and skills instructor TSW Training has been subject to an employee-led buy-out, with previous owners Training Trust Wales relinquishing control to its 18 employees.

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Human Recognition’s £2 million investment

Capital Values Group has invested £2 million in Human Recognition Systems (HRS) to help fund the expansion of its Liverpool-based biometrics business.

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Employment law moves forward fast

Although not as extensive as in other jurisdictions, employment legislation in Guernsey has progressed rapidly in recent years

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Motivcom completes Zibrant deal

Milton Keynes-based marketing services company Motivcom has acquired Zibrant for up to £17 million.

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