In UK, Big Sofa Readies for AIM Floatation

Simon Lidington

Simon Lidington

December 13, 2016 - Posted at MrWeb News Online: London-based video analytics tech platform Big Sofa is preparing to float on the London Stock Exchange's AIM sub-market for smaller growing companies, in order to raise funds for expansion into the US market.

Originally known as The Insight Exchange Partnership, Big Sofa was founded in 2009 by former Research International CEO Simon Lidington [pictured] and organisational psychology specialist Matt Lynch, and offers a platform which allows users to upload, edit, analyse and share video and other digital content. Last year, the firm launched a crowdfunding initiative, with the aim of raising £700k in exchange for a 10% equity stake in the company; and earlier this year, it announced it was preparing to open its first office in the US. The business currently employs 33 staff between London and the US, and plans to have a headcount of 20 in the US by the end of 2017. More...