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Iris Connect in profit

publication date: Dec 2, 2012
Iris Connect, the Brighton-based video based system for teacher controlled observation, has reported a post-tax profit of £117k (2011: £106k loss) for the year ended 31 March 2012 according to abbreviated accounts filed recently at Companies House. The business had net assets of £137k (2011: £20k) at the year end. Iris Connect uses video capture technology developed by the US-based thereNow inc who have a 16.2% equity stake in the company. The company’s web-based software enables teachers to reflect on own practice and share video with colleagues and mentors. The company was founded by majority shareholder Andy Newell in 2007. A 17.5% equity stake is also owned by Tranquillity Ventures LLP.

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