Feeds

Bright Station retags itself smartly

Raises £12 million

  • alert
  • submit to reddit

Security for virtualized datacentres

UK Internet group Bright Station plc has changed its name to Smartlogik Group plc, after securing £12 million to bail out the company.

In May the outfit warned that unless it received additional funding it would run out of cash by the end of the summer.

Then, it was losing £3 million a month and only had £4 million left in the coffers.

Five directors have resigned from the company. They'll be replaced by a new batch of Monday.

Stephen Hill, CEO of Smartlogik Group plc, said: "We are delighted that the shareholders have overwhelmingly supported the resolutions.

"Their investment in Smartlogik is a significant vote of confidence both in the strength of our solutions and the future of our company in the fast growing knowledge management sector.

"We can now proceed with the business of enabling them to unlock the value of their information, which will in turn deliver real value to our shareholders," he said. ®

Related Story

Bright Station shares continue slide

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.