Angle: Geomerics Corporate Partnership With Technology Company

26th Jul 2010 08:24

LONDON (Dow Jones)--Angle PLC (AGL.LN), an international venture management company focusing on the commercialization of technology and innovation, said Monday that its portfolio company Geomerics Ltd, which specializes in computer games middleware, has agreed to a corporate partnership with a technology company. MAIN FACTS: -The partnership comprises both a cash investment and an ongoing partnership arrangement. -The deal includes investment of up to GBP2.3 million of which GBP1.0 million will be subject to the achievement of certain milestones. -The name of Geomerics' Corporate Partner and other terms of the deal are subject to strict confidentiality. -It is expected that, over the course of the agreement, ANGLE's holding will remain above 30%. -Shares at 0720 GMT up 1.25 pence, or 4.42%, at GBP29.50 pence, valuing the company at GBP8 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 26, 2010 03:24 ET (07:24 GMT)