24/03/2000
Vianet, an innovative business-to-business information provider, is due to launch onto Aim on March 30 after successfully completing its £5.5m fundraising offer. The group has developed a unique data monitoring box, called a TIU, which collects data from remote locations. The data is then transmitted via the telephone or the web back to Vianet, where it is processed into detailed management reports for clients. According to director Geoff Taylor, the system can be employed in a variety of markets, although the group will first be tackling the vending machine market. Taylor claims that Vianet's box will allow vending operators to 'take a virtual look inside any machine' to gather information on stock levels, popular products and other aspects of inventory management. Currently, Vianet has trials running with three clients and it has just struck a deal with Orange to transmit data over its GSM network. The £5.5m raised will be directed towards marketing and further capital expenditure.
| Market cap: | £24.5m |
| PE Forecast: | n/a |
| PE Historic: | n/a |
| Share price: | n/a |
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