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United Kingdom : IMPERIAL INNOVATIONS owns 73.4% equity stake in CORTEXICA

June 13, 2014

Imperial Innovations Group PLC has announced its additional investment of GBP1.5 million in visual search firm Cortexica Visual Systems Ltd.

In 2009, the technology commercialisation and investment group first made investment in Cortexica. It will now own a 73.4% equity stake on conversion of loan stock.

Cortexica has created, and is selling, image recognition, visual search and categorisation software for online businesses.

During the last 6 months, it has taken on ten new clients.

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Source: TendersInfo (India)

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