COMPLETION OF PHASE TWO FUNDING ON SUCCESSFUL CUSTOMER EVALUATION OF EDA TOOL
AXILICA LIMITED
16th October 2008
IPSO Ventures plc (“IPSO”), the IP commercialisation specialist, is pleased to announce that, following the successful completion by Axilica Limited – www.axilica.com – of its trial with a major electronics company, it has completed the Phase Two investment in the company.
Simon Hunt, Executive Chairman of IPSO, said “I am delighted to have completed the Phase Two investment of an additional £250,000 in Axilica. This brings our total investment to £400,000. I am pleased that Axilica has achieved and proves that it has achieved what it set out to do with its FalconML tool”.