BIZWATCH: PENARTH HI-TECH COMPANY TO FLOAT ON AIM

Open Genius is based at Penarth’s Tec marina complex

A Penarth-based hi-tech company is planning to carry out a public share flotation in two years time after being picked to take part in a new “accelerator programme”  at the London Stock Exchange.

Tec Marina – is the base of Open Genius which now has customers all around the world

The firm – called “OpenGenius” based in the Tec Marina complex at Penarth Marina is one of just 17 companies chosen to participate in the so-called “Elite UK” programme and will be receiving advice and networking assistance from potential investors and large businesses.

One of the core prodfucts of OpenGenius is a software programme called Droptask which is claimed to improve the productivity of client companies.

OpenGenius Chief Executive Chris Griffiths now hopes to float the firm on the AIM stock stock exchange within two years.

OpenGenius was opriginally called “Buzan on Line Ltd” and then “Think Buzan Ltd “. It was  founded in Cardiff in 2005 . The “Buzan” name comes from British-born author Tony Buzan (72) who designed the firms “iMind-Map 7” software.

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