London Stock Exchange welcomes BIG TECHNOLOGIES PLC to AIM
Big Technologies PLC, the UK-based, remote people monitoring technology company, has today taken the next step in its long-term growth strategy as it is admitted to AIM of London Stock Exchange. It is now trading on AIM, having raised gross proceeds in excess of £200 million, with ticker BIG. At the placing price of 200p per share, Big Technologies PLC has a market capitalisation of £577 million.
Big Technologies is the parent company of Buddi, which was founded in 2005 by its current CEO, following an initial idea to create a GPS device small enough for a child to carry. Today it is the leading supplier of proven innovative and high-quality products and services to the remote personal monitoring industry. Solutions are provided under several brand and trading names, with ‘Buddi’ being the most well-known and being used in respect of activities within the core criminal justice and healthcare markets.
Big Technologies has created a leading, integrated technology platform (including both hardware and software) for remote monitoring of individuals, providing state-of-the-art solutions on a SaaS-like, subscription basis. The Company’s technology is highly flexible, and the core remote monitoring technologies are deployed into the large markets of health, care services and criminal justice around the world.
Big Technologies plans to use the proceeds to further strengthen its global team and capability to deliver to customers on every continent.
Sara Murray OBE, Founder and CEO of Big Technologies, said:
“This is a significant step in our growth journey and a special moment for all our staff, customers and stakeholders, to whom I am grateful for their hard work, loyalty and ongoing support. We are proud to be providing another strong example of the UK’s continued inventiveness in incubating global technology success stories and excited to begin our life as a public company.
We will continue in our mission to deliver the very best technologies to our customers, enabling safety for customers and communities around the world.”
Zeus Capital - Nominated Advisor and Sole Broker
Hill Dickinson LLP - Legal Advisor to the Company
Crowe U.K. LLP - Reporting Accountant