Big Sofa Technologies enters US video-analytics market
Video-analytics company Big Sofa Technologies is expanding in the North American market with the opening of a new office in the US.
Big Sofa Technologies Group
2.55p
15:49 28/04/20
The company said that its new hub in Philadelphia is strategically located within reach of existing and potential customers including several large consumer insight agencies and consumer packaged goods firms.
The new US office is led by Steve Aukers, the company's US chief executive along with chief operations officer Kevin Dermody and chief growth officer Sheri Lambert.
Establishing a North American presence was one of the company's near-term goals it set at its initial public offering on AIM in December in order to “take advantage of the growing demand for video and image based research in the biggest spending market”.
Chief executive Simon Lidington said: “We are already seeing a significant increase in our pipeline and are focused on converting these leads with the intention to grow Big Sofa into the leading provider of video analytics in North America."
Shares in Big Sofa Technologies were up 2.15% to 22.60p at 0924 GMT.