Business
Investment in AppShare
Investment in AppShare.
About this update from Truetide Plc
[{"type":"text","content":"\n Braveheart Investment Group plc\n02 April 2008\n\n\nFor release, 07.00, 2 April 2008\n\n\n Braveheart Investment Group plc\n ('Braveheart' or the 'Group')\n \n \n INVESTMENT IN APPSHARE LIMITED\n ('the Company')\n\n\nBraveheart (AIM: BRH), the technology commercialisation and investment\nmanagement company, announces that it has made its eighth investment from its\nAlpha EIS Fund into AppShare Ltd., a recent spin out from the University of\nStrathclyde. The funding of c. £180,000 also included investment from the\nUniversity.\n\nAppShare was formed in 2007 to develop a collaborative software solution known\nas 'ePlace'. The technology allows the sharing of software applications between\nusers at different locations. Whilst software collaboration systems already\nexist, ePlace offers significant advantages over existing web-conferencing\nproducts. ePlace is intrinsically capable of being more secure than most of its\ncompetitors it consumes much less bandwidth and offers many features that add\nreal value to the concept of remote application sharing.\n\nAt present the large corporate sector is the main user of collaboration systems.\nWith an estimated spend of £1.1 billion annually, the market is forecast to\nreach $2.8 billion by the end of 2010. The Company currently has a working\nePlace prototype, which it aims to further develop over the next 12 months,\nutilising the funds raised. The prototype has completed a successful test period\nat a reference site, a significant milestone in the development of a fully\ncommercial product.\n\nStephen Behan is CEO of Appshare Ltd. He said: 'ePlace is a direct peer-to-peer\nservice. Other commercially available services require users to connect to a\nvirtual space via an intermediary, which has clear security implications.\nCurrently, you have to rely on these intermediaries to not 'eavesdrop' on your\nconversations. ePlace is not a desktop sharing system; it's an application\nsharing technology that allows colleagues to 'look over your shoulder' as you\nuse an application and explain your work. So far we have yet to find an\napplication that cannot be shared across time zones using this approach.'\n\nHe added: 'The support of Braveheart, who have such a proven track record in\nsupporting fledgling technology companies, has come as a considerable fillip to\nus as we look to further ...