mporium Group announced it has raised c.£3.1 million before expenses (c.£3.0m net of expenses) through a placing of new shares at a price of 8p per share. The proceeds will be used to continue the group's ongoing product development, its growth strategy and for working capital purposes. The group’s new management team have refocused its development programme to align with the market opportunity for technology companies that offer world-class m-commerce products as the proliferation of mobile devices continue. These products aim to deliver advanced m-Commerce functionality including detailed analytics, targeted marketing strategies and personalised content. The new products are expected to appeal to both the SME and enterprise markets, under different branding and via different distribution models. There is a big opportunity in the mobile space market and we look forward to further details on the new products in 2016.