We are delighted to announce that Parkwalk has closed an investment in Tangentix, a spin-out from...
 
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Parkwalk closes Tangentix investment
 
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Tangentix

We are pleased to announce that we have closed a follow-on investment into Tangentix for the Parkwalk Opportunities EIS Fund.

 
 

Dear , 

Tangentix was formed to commercialise new mathematics from the University of Bradford for representing 3D objects using Partial Differential Equations. The company holds key patents on these techniques and others developed for different compression challenges. More recently Tangentix has developed its unique Progresive DRM™ technology to allow games to be distributed to users for free without worsening the piracy problems that concern most publishers.

GameSessions
Tangentix has launched GameSessions™ a web based platform that allows users to try PC games through free trials, with the option to rent or buy the game once the trial has ended.
Players download a full copy of the game 2-3 times faster than from anywhere else, and, until purchase, that copy is protected by proprietary access control. At the optimum time, the user can choose to rent further sessions, or instantly purchase full access to the game.
The advantage to Game publishers is another channel to sell games, with a new audience of people trialling games and renting. Downloads are much faster using Tangentix proprietary compression, reducing costs and increasing conversion/download completion. Sites can be localised geographically. GameSessions also offers Publishers control of a dashboard that allows in game interaction with players.
The attraction to Partners is converting ‘bricks to clicks’ sales, advertising, loyalty cards and enhanced features such as Facebook integration.
GameSessions partners with various publishers and game sellers to offer trials and free gaming weekends.

Opportunity
The Board have significant experience in this space and understand the financial and commercial models well. Tangentix are already getting traction with some of the larger publishers and partners in this space and the next twelve months will show if they can turn this into commercial success.
The global video games market had revenues of over $100bn last year (excluding mobile devices), and by driving traffic to the GameSessions site through partner and publisher sites and marketing programmes Tangentix could make substantial sales with which it will take industry-standard percentages.

Management
Chris Deering, Chairman, was the president of Sony Computer Entertainment Europe (SCEE) for the successful launches of the PlayStation 1&2 and was non-executive Chairman of Codemasters.
Ed French, CEO, has run small companies previously and has a background as an early-stage VC.
Sir Ian Livingstone, NED, was Founder and Life President of Eidos, Co-Founder Games Workshop.
Paul Sheppard, CTO, has worked for Eidos and ITI online games programme.
Professor Hassan Ugail, NED, is Professor of Visual Computing University of Bradford.

 
 
 
 
 
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Opportunities EIS Fund

Our flagship EIS Fund is open to investors all year. Please reply to this email or email funds@parkwalkadvisors.com if you would like further details.

 
 
 
 
 

Important Information

This financial promotion is issued by Parkwalk Advisors Limited (Parkwalk), which is authorised and regulated by the Financial Conduct Authority. Investments referred to in this newsletter are not suitable for all investors.  Interested parties are strongly recommended to seek specialist financial and tax advice before investing in any product.  Capital is at risk and investors may not get back the full amount invested. Tax treatment depends on the individual circumstances of each investor and may be subject to change. Past performance is not a reliable indicator of future results, and the value of investments may go down as well as up. Projections and forecasts are also not a reliable indicator of future performance. Investments in small and unquoted companies carry a higher risk than many other forms of investment. Any investment in a Parkwalk product must only be made on the basis of the terms of the full Information Memorandum. Parkwalk is not able to provide advice as to the suitability of investing in any product.