Seven technology firms have joined the London Stock Exchange Elite monitoring and support programme designed to help startups grow into major businesses.
The companies form a part of a group of 16 which were welcomed into the Elite programme's community of 271 firms.
Businesses on the programme are drawn from a range of UK locations and industries, and receive access to funding options, the opportunity to develop relationships with potential investors, and the ability to increase their profiles.
The seven technology companies range from file sharing firms to social analytics specialists, and will receive 24 months of support from the 150 advisors and 80 investors that are part of the Elite community.
- Cambridge Imaging Systems, a developer of enterprise video platform software and secure video hosting services.
- Brandwatch, a social media monitoring company that analyses the conversations a company's customers have on social networks.
- Workshare, a provider of file sharing services and collaboration applications for enterprises.
- Marmalade Technologies, a developer of hardware and software to manage creative content in the gaming industry.
- Transact, creator of a platform for investors to consolidate and manage assets in one place.
- I-Nexus, a provider of software to carry out and track a company's business strategy against goals set out over a period of time.
- Affectv, a developer of online data monitoring technology for companies looking to better target advertising efforts.
Alexander Justham, chief executive at the London Stock Exchange, welcomed the new members into the Elite programme.
"The programme is flourishing in the UK and across Europe, helping to accelerate the growth of individual businesses and playing a significant role in driving economic prosperity," he said.
Unlike many of the startup support initiatives, accelerators and incubators in the UK, specifically London's Tech City, the Elite programme is aimed at mid-sized enterprises that require assistance to grow to the next level.
Elite will help these companies secure the capital they need to scale up, but the programme is about more than just finding investors.
A major part of Elite's objective is to give mid-sized companies a community in which to network, share ideas and potentially establish new partnerships.
This is something that businesses can lose out on once they grow out of the vibrant technology startup communities clustered across Britain.
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