Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

DCU student start up company lists on LSE

02.11.2006
A mobile phone technology company started by DCU students with former DCU lecturers as its first chairman and chief executive has successfully listed on the AIM small companies division of the London Stock Exchange.

zamano, now a leading provider of mobile data services, has raised €6m for 25% of its shares placed on the AIM Market of the London Stock Exchange (AIM) valuing the company at €24m.

Established in 2000 by DCU Fiontar graduates Eoin O Ceallachain and Darren O Rodaigh to take advantage of a growing demand for mobile services, zamano says it is now a market leader in Ireland with a strong presence in the UK, and it commenced sales into Australia in early 2006. Former DCU Fiontar Professor, Finbarr Bradley was asked to be the first chairman while Enterprise lecturer Seán Mac Réamoinn became the first chief executive.

All of the founding members are still shareholders in the company. The business and the “ zamano “ name arose from a fourth year Fiontar project. After the founders graduation the company was established in the Guinness Enterprise Centre in the Liberties area of the city. It has now moved to the Digital Hub development off Thomas Street.

The company press release for the listing describes its progress in the marketplace: “Since its establishment, zamano has invested significantly in the development of a mobile messaging platform and suite of applications. Using this platform, zamano promotes and distributes its services directly to consumers (B2C) and also facilitates commerce between businesses, brands and their end-users (B2B). zamano believes that this ‘hybrid’ model is a significant advantage in its sector.

“The B2B business accounts for approximately 65% of overall Company revenues. Approximately 35% of revenues are generated by mobile content and interactive services in the B2C business. Interactive services include competitions, quizzes, horoscopes, chat and dating. zamano believes that strong future growth prospects exist for both the B2B and B2C businesses.

“Between 2003 and 2005, zamano experienced strong revenue and profit growth; in 2005 the company was placed second in the Deloitte Fast 50 Rising Star category. The Company has completed three strategic acquisitions which have contributed significantly to this profitable growth, and believes that the markets in which it operates offers further scope to continue on this trajectory. According to Juniper Research, the global market for mobile content is predicted to be worth $11bn in 2006, and is expected to grow to $50bn by 2011.”

The company says that as well as raising the profile of the company, it believes that admission to AIM will enable the delivery of three primary strategic objectives; further strategic acquisitions, increased investment in new technology, and expansion into new territories.

The press release gives details of zamano’s current management team. Chairman Rod Matthews is a former Chief Executive of ScottishTelecom, and was Chairman of AIM-listed Transcomm plc which was sold to BT in 2004. Managing Director John O’Shea’s career to date spans 11 years working with multinationals, and the last 10 years spent building up two technology innovators.

John O’Shea, Managing Director, said: "Admission to AIM marks an exciting next stage in the Group's development and gives us the opportunity to build further on our success to date. We expect to see continued growth in the mobile data services market, which combined with the proven strength of the team in zamano, gives me great confidence in our future as a public company."

Former Fiontar Professor Finbarr Bradley said: “zamano has grown substantially over the years and now employs about 30 people. This is a fantastic achievement for a company set up by former DCU Fiontar students. It shows that DCU business students have the potential to develop successful companies directly from their studies. "

Shane Kenny | alfa
Further information:
http://www.dcu.ie

More articles from Business and Finance:

nachricht Preferential trade agreements enhance global trade at the expense of its resilience
17.02.2017 | International Institute for Applied Systems Analysis (IIASA)

nachricht How Strong Brands Translate into Money
15.11.2016 | Kühne Logistics University - Wissenschaftliche Hochschule für Logistik und Unternehmensführung

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Safe glide at total engine failure with ELA-inside

On January 15, 2009, Chesley B. Sullenberger was celebrated world-wide: after the two engines had failed due to bird strike, he and his flight crew succeeded after a glide flight with an Airbus A320 in ditching on the Hudson River. All 155 people on board were saved.

On January 15, 2009, Chesley B. Sullenberger was celebrated world-wide: after the two engines had failed due to bird strike, he and his flight crew succeeded...

Im Focus: Breakthrough with a chain of gold atoms

In the field of nanoscience, an international team of physicists with participants from Konstanz has achieved a breakthrough in understanding heat transport

In the field of nanoscience, an international team of physicists with participants from Konstanz has achieved a breakthrough in understanding heat transport

Im Focus: DNA repair: a new letter in the cell alphabet

Results reveal how discoveries may be hidden in scientific “blind spots”

Cells need to repair damaged DNA in our genes to prevent the development of cancer and other diseases. Our cells therefore activate and send “repair-proteins”...

Im Focus: Dresdner scientists print tomorrow’s world

The Fraunhofer IWS Dresden and Technische Universität Dresden inaugurated their jointly operated Center for Additive Manufacturing Dresden (AMCD) with a festive ceremony on February 7, 2017. Scientists from various disciplines perform research on materials, additive manufacturing processes and innovative technologies, which build up components in a layer by layer process. This technology opens up new horizons for component design and combinations of functions. For example during fabrication, electrical conductors and sensors are already able to be additively manufactured into components. They provide information about stress conditions of a product during operation.

The 3D-printing technology, or additive manufacturing as it is often called, has long made the step out of scientific research laboratories into industrial...

Im Focus: Mimicking nature's cellular architectures via 3-D printing

Research offers new level of control over the structure of 3-D printed materials

Nature does amazing things with limited design materials. Grass, for example, can support its own weight, resist strong wind loads, and recover after being...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Booth and panel discussion – The Lindau Nobel Laureate Meetings at the AAAS 2017 Annual Meeting

13.02.2017 | Event News

Complex Loading versus Hidden Reserves

10.02.2017 | Event News

International Conference on Crystal Growth in Freiburg

09.02.2017 | Event News

 
Latest News

New pop-up strategy inspired by cuts, not folds

27.02.2017 | Materials Sciences

Sandia uses confined nanoparticles to improve hydrogen storage materials performance

27.02.2017 | Interdisciplinary Research

Decoding the genome's cryptic language

27.02.2017 | Life Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>