Radio Tactics has completed a £950,000 ($1.55 million) fundraising drive, providing it with additional capital to expand its activities across the USA and open a US office.

The financing has been raised via a new-shares placing. Investors included two existing institutional investors Oxford Technology ECF and The Capital for Enterprise Fund and £50,000 was raised in-house from staff.

Southampton, UK-based Radio Tactics provides equipment used for the secure acquisition, migration and analysis of digital information from smart card and cellular equipment platforms.

Source: Flight Daily News