Forbidden Tech cements agreement with Atos

Forbidden Technologies, the AIM quoted owner and developer of the FORscene cloud-based video editing platform, has signed a contract with South African systems integrator Atos.

The formalisation of the contract follows the memorandum of understanding agreed in September 2012 and allows Atos to add FORscene to its South African portfolio of solutions and to run its own FORscene Cloud.

As such, it will be able to provide hosting and administration, customer support and consulting on web-enabled workflow solutions to media clients in South Africa and across the African continent, including broadcasters, advertising agencies and advertisers in the African region.

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

Stephen Streater, Chief Executive Officer, 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."

NR