Ipsos takes 20% stake in Big Sofa for £3m

Video analytics provider Big Sofa said market research group Ipsos had agreed to invest around £3m in the company, giving it a 20% stake.

Big Sofa shares were issued to Ipsos at 18.5p each, representing a premium of around 45% on yesterday's closing mid-market share price.

Proceeds would be used to enable Big Sofa to enhance its sales and marketing functions, particularly within the US, the company said.

At 1:51pm: (LON:BST) Big Sofa Technologies Group Plc Ord 3p share price was +1.88p at 14.63p