Losses double for i-design, provider of atmAd

Losses double for i-design, provider of atmAd
Tags: Advertising / CRM, Bank / Credit Union, Public Companies, Software, i-design
November 29, 2009

BBC News reports that Scotland-based i-design, which made strides in the United Kingdom with its ATM advertising platform atmAd, reported full-year pre-tax losses of Â£1.1 million (U.S. $1.8 million), up from the Â£536,000 (U.S. $879,400) loss reported for the same period last year.

Revenue for the year, however, was up 14 percent year over year.

Created in 1991, i-design's clients include major U.K. banks such as RBS and Barclays.

The company's atmAd platform has been licensed to about 12,000 ATMs and is installed across 6,400 ATMs in the U.K. and more than 300 in Europe.