Date Posted: 28 March 2012
Milestone, the AIM quoted provider of digital media and technology solutions, has announced that it has raised 426,430 GBP by way of a placing of 42,643,000 new ordinary shares in the Company at a price of 1 penny per share.
Milestone helps clients navigate the new and emerging technology landscape by working with them to develop strategy and build products that solve their business problems. Highlights of the past twelve months include -
- The purchase of Intellectual Property for in house development Facilitated Electronic Data System (FEDS) and Live Incident Management Interactive Trainer (LIMIT).
- The acquisition of the award winning digital production company, Oil Productions Ltd
- The establishment of wholly owned subsidiary OnSide Now Ltd which is being trialled by Charlton Athletic Community Trust.
- The development of VO1CE which is being used in a new community initiative with the Metropolitan Police.
The team at Shipley IP has assisted Milestone Group PLC with the IP elements of each of these projects as well as the acquisition of Oil. Deborah White is CEO of Milestone:
We thoroughly enjoyed working with Mark and the team at Shipley IP. They spent time to explain their methodology which was both easy to understand and easy to implement as we were guided through a simple step by step process. The team were both friendly and professional when working with us demonstrating great interpersonal skills that often went beyond the parameters of the work expected. In our specific situation this led to them adding significant additional value to our finished product by introducing and sharing some key relationships from within their client database.
About Milestone Group PLC
Milestone Group are consultants and technology practitioners who believe that technology empowers by connecting organisations and businesses, information and customers, making communications available to any device, anywhere. From thinking to delivery - Milestone Group are your Virtual Digital Department. Operational highlights include:
FEDS & LIMIT
In April 2011, Milestone purchased an exclusive license from BGP Global Services Ltd to develop their FEDS technology for use within the UK community sports sector (initially in football) through the wholly owned subsidiary, OnSide Now Ltd (OnSide). In August 2011, the transaction was completed when Milestone acquired FEDS and its complimentary training tool, LIMIT. Using the FEDS platform, the Company has so far launched 3 products - OnSide and VO1CE, which released during the period and the Appropriate Procedures Programme (APP) launched post year end.
OnSide is a web/mobile platform designed to help create a safer environment for all sports. The product enables real time collation of data and sharing of information between key stakeholders with the ability to document the dynamic risk assessment. This product is initially being piloted with Charlton Athletic Community Trust (CACT) in partnership with both the Metropolitan Police and the Social Services. CACT is now championing the project within football. The Company is also in discussions with other sporting entities including Saracens Rugby Club and Premiership Rugby. OnSide charges a monthly licence fee per club per month and will, when fully launched, offer a selection of sponsorship rights and advertising opportunities.
In this instance, the FEDS technology has been developed into a community collaboration tool. It is initially being piloted by the Metropolitan Police Hackney Gangs Intervention team and approximately 30 third sector stakeholders, such as local police, community organisations and focus groups. VO1CE allows these groups to share information, news and events in real time on a daily basis using a secure hosted service. This ensures the participants are kept up to date with events as they happen helping to create a greater awareness within Hackney Borough of activities affecting the specific area of focus and expertise for each individual organisation.
The latest product to be developed using the FEDS technology is APP, which was launched in November 2011, assists companies in complying with the Bribery Act 2010, specifically by measuring compliance and assessing the procedures in place to prevent bribery. APP supports and complements a company's anti-bribery and corruption policy by providing a hassle-free proactive service with automated reporting and a simple to use interface for entry, reporting and retrieval of information. APP simplifies the process of reporting and monitoring any activity that may be related to the Act and can be accessed from a computer or mobile device thus allowing secure access from any location and providing real-time updates and reporting.
Oil Productions Ltd (Oil)
In August 2011, Milestone announced the acquisition of the award winning Oil Productions, a multi-platform digital media design studio that uses digital production techniques to create low-cost, high-value content. Founded in 1998 by Mike Bennett and Mark McKeown, Oil Productions has developed an established list of high calibre clients, including Lynx for Unilever, Channel 4 and the BBC, delivering numerous successful campaigns. Since the year end, Oil was contracted by OMD International Ltd to develop and deliver a worldwide digital art competition on behalf of Nissan's luxury brand, Infiniti. Originally launched in Stockport and Leeds, it was then rolled out to Rolle in Switzerland and Madrid and is now set to tour Europe. Oil has also been re-engaged by Unilver to extend two successful Lynx campaigns - the Lynx Twist Keeping Keeley and the Lynx Excite Fallen Angel.