Forbidden formalises deal with systems integrator Atos

Forbidden Technologies, the developer of cloud-based editing platform FORscene, has formalised a licence agreement with Atos, the South African systems integrator.

The agreement allows Atos to add FORscene to its South African portfolio. It also enables Forbidden to run its own FORscene Cloud, providing hosting, administration and consulting on web-enabled workflow solutions to media clients in South Africa and across the African continent.

The licence provides for an up-front payment to Forbidden, with the majority of revenue expected to arise from royalties as Atos clients licence the platform from Atos.

Up to this point, all FORscene Cloud Servers have been built and supported by Forbidden.

Stephen Streater, Chief Executive officer of Forbidden Technologies, said: "Following the memorandum of understanding agreed in September, I am delighted to formalise the agreement with Atos.

"The deal represents a significant moment in Forbidden's global ambitions and is testament to the strength and international reputation of the FORscene platform as producers become increasingly aware of the benefits of cloud video workflows."

Forbidden's share price was up 11.49% to 24.25p at 08:36 on Monday.

MF