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Mobile Game Development News

Zamano to seek London AIM listing

Dublin-based mobile phone services firm Zamano is to seek a listing on London's AIM market. Subject to market conditions, the listing is expected to take place in late October, the company said today.

Zamano said it believes that an AIM listing will enable it to make further strategic acquisitions, provide funds for investing in new technology and expansion into new territories.

The company had revenues of about ?10m in 2005 from services including games, text message dating and premium rate texts. The firm's investors include Quinlan Private Capital (QPC), the investment house owned by financier Derek Quinlan.

QPC became a shareholder when it bought Powerscourt Capital Partners in Dublin, which was an early investor in Zamano.

As well as operating in Ireland, Zamano has a strong presence in the UK and started sales operations in Australia earlier this year.

According to research, the gobal market for mobile content is predicted to be worth $11 billion in 2006, growing to $50 billion by 2011.

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