Zamano seeks AIM listing

Dublin-based mobile services firm Zamano announced yesterday it intends to seek admission to the London AIM (Alternative Investment Market).

The company hopes to list its shares on the AIM - a specialist market which caters for small, growing companies - by the end of the month.

Zamano expects that the flotation will not only raise its profile, but will also enable the company to complete "further strategic acquisitions". Since its establishment in 2000, Zamano has completed three takeovers and has indicated that its primary focus for possible future acquisitions will be the UK.

The company also hopes to increase its investment in new technology, and to expand into new markets. Currently Zamano has a strong presence in Ireland and the UK. Earlier this year it broke into the Australian market.

"Admission to the AIM marks an exciting next stage in the group's development and gives us the opportunity to build further on our success to date," said John O'Shea, Zamano's managing director. "We expect to see continued growth in the mobile data services market which, combined with the proven strength of the team in Zamano, gives me great confidence in our future as a public company."

The possibility of floating on the IEX market in Dublin will be "up for consideration" over the coming months.

Zamano, which specialises in SMS mobile platforms and applications, placed second in the Deloitte Fast 50 Rising Star competition in 2005.