Forbidden Technologies prove enticing to broadcasters

Online video company Forbidden Technologies has rocketed after revealing a big jump in capacity and impressive sales.

The group's main offering is video editing software, delivered through the "cloud" which allows clients to upload and create content online.

Forbidden says it has increased its server capacity, allowing a 50 times increase in database access speed. This upgrade should also enable the group to serve a greater number of clients.

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Forbidden says invoiced sales to broadcast clients have grown 60% in the first quarter of 2012 compared to the same period of 2011.

The company says its FORscene solution: "continues to deliver cost and time benefits for its end users. Awareness of FORscene is growing and the ability to use the platform from anywhere at any time on so many devices is increasingly being recognised."

By 10:50 the shares had risen 15.6%.

BS