Eagle Eye join AIM

Eagle Eye join AIM

Thursday 17th April 2014

Eagle Eye is delighted to join AIM through a placing of 3,658,536 new ordinary shares at a price of 164 pence per share. On admission the Company had a market capitalisation of  approximately £33 million and has 20,131,152 ordinary shares in issue.

The Company’s oversubscribed IPO successfully raised £6 million and these funds will enable the Company to accelerate its growth, help fund further investment in strategic technology and acquire 2ergo Limited, providing access to new customers and significant IP.

Founded in 2003, Eagle Eye is the UK leader in digital consumer engagement, providing a pioneering multi-patented transaction software platform, supporting real-time, multi-channel digital offers, payments and rewards.

Eagle Eye help retailers and brands to reduce costs, improve their customer offer and make a digital leap-frog for their business.

The Company’s current customer base comprises over 60 leading names in UK retail and hospitality including Marks and Spencer, Tesco, Greggs, Pets at Home, Karen Millen, Gondola Group, Mitchells and Butlers and Tragus.

Phill Blundell, CEO of Eagle Eye said:

‘Today’s admission to AIM marks a major milestone in Eagle Eye’s development. The combination of the new investment and the acquisition of 2ergo ideally positions us to meet the accelerating demand for our multi-channel digital solutions, which is underpinned by our patented technology and global partners.’’