The foundations of IMImobile were in engineering software and services that was started in 1988. Originally the company had been designing transmission line towers, microwave towers, switchyard structures on some of the largest projects in the world and producing the most sophisticated software programs for design calculations and detailing of self supporting lattice steel towers.
After the funding of IMImobile in June 2006 the engineering division was managed separately with the founders focused on the mobile business.
In April 2008, the stake in IMIsoftware was sold to
Ramboll, a leading Danish engineering group for £2.1m of which £1.5m has been received in cash and £0.6m remains in escrow for warranties. The very high quality of the acquirer is testament to the quality of business and IP built by the founders of IMIsoft who are now the force behind IMImobile.
The cash receipts represent substantially all of the funds invested in IMI by SPARK since the current team took over the management of the investment in 2003.