CSR became Cambridge's third largest technology company measured by market cap this morning as its results for the first quarter of 2013 beat market expectations and sparked a massive surge in its share price, taking it past a £900m valuation.
Full year revenues may be lower than at any point in the last four years and pretax loss at its highest in five, but after one of the most important years in its history, Bango is very much on the up, a technology company readying itself for a major scale up of business and operations.
The company that acquired Cambridge RSS and social media aggregator, Taptu, at the end of last year has launched a service it believes will increase the popularity of RSS and help media companies grow advertising revenues.
It is said that Cambridge and UK companies sell out too early, but today, a deal that took place seven years ago and saw Cambridge's most successful biotech firm acquired for £702 million has led to a new £330 million commitment to Cambridge which will become the global HQ for one of the world's largest pharmaceutical companies.
Groundbreaking work to map the genomes of tapeworms has revealed existing drugs that could be used against them in an effort to halt at least two of the world's most high profile neglected tropical diseases.