Forbidden Technologies surges on Youtube deal

published 12 December 2011

Shares of Forbidden Technologies surged over 90% on Monday after it announced that it has licensed its FORscene Cloud editing platform to YouTube.

No financials details were released in the company statement however the group said, " the agreement will make a significant contribution to the performance of the company over the next twelve months."

"As is usual in bigger projects, FORscene will provide the Cloud editing element in a larger integrated system. YouTube will use Forbidden Technologies' FORscene platform to support remote video editing and publishing for web and broadcast delivery," Forbidden Technologies explained.