Trading on AIM in the company’s shares is due to begin tomorrow.
Based on the recent placing of shares in the company at 50p, Stilo
is capitalised at £21 million.
XML (Extensible Markup Language) is a flexible means of creating
common information formats and share both the format and the data
on the internet, intranets, and elsewhere.
Stilo launched its flagship product, XMLDeveloper, in February
this year and is delivering joint training programmes with
Microsoft, to provide corporate customers with a detailed
understanding of the application of XML within BizTalk e-Commerce
frameworks.
Further strategic collaborations are in the pipeline and the
company has just completed work with the Inland Revenue, which
recently launched the second stage of its Internet filing service
for Self Assessment to enable people to submit their tax returns
over the Internet.
"XMLDeveloper," said Stilo's CEO, Les Burnham, "delivers huge
savings in development time, bringing e-Commerce applications to
market quicker than ever before. With XML set to underpin the vast
majority of e-commerce applications over the coming years, the
potential market for such a product is enormous.
"We estimate that Stilo is six to nine
months ahead of the competition in the UK, and floating on AIM will
help us to fulfill our plans to become a leading global supplier of
XML software, training and consultancy."
