Creativity Software - Creativity Software receives growth capital to accelerate worldwide expansion

Global Supplier of End-to-End LBS Solutions to Mobile Network Operators

Creativity Software specialises in Location Based Services. Our turnkey solutions enable mobile
operators around the world to capitalise on the LBS market opportunity and to meet regulatory
Lawful Intercept requirements.

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Creativity Software receives growth capital to accelerate worldwide expansion

Friday, 23 April 2010 08:48

London, United Kingdom, 23^rd April 2010 – Creativity Software are pleased to announce that venture capitalist, MMC Ventures (MMC) has invested growth capital to accelerate the worldwide expansion of the UK based Location Based Service company.

Creativity Software has experienced rapid growth throughout the recession and is now poised to increase its share of the growing market for products based on location information. According to research undertaken by ABI Research, the global LBS infrastructure licensing marketing is forecast to grow from $560 million in 2010 to $1.8 billion in 2015. Creativity Software is quoted as one of three specialist providers in this market. ABI Research predicts that the global market for revenue from LBS applications is forecast to grow from $1.7 billion in 2008 to $14 billion in 2014.

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