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."