Maid seeks role in digital TV revolution

Maid, the electronic information group, is aiming for a slice of the action in the digital television revolution by talking to key broadcasters about providing them with its software which is designed to sort and manage information.

The company is understood to have been in touch with the big players in the digital television industry, including British Interactive Broadcasting, the interactive television company owned by BSkyB, BT, Matsushita and Midland Bank. Maid hopes broadcasters will use its InfoSort search technology to enable consumers to sort and personalise information in an interactive environment. InfoSort is an automated search system that files and organises material online.

BIB, formed earlier this year, will allow viewers to access and use a variety of services including home shopping, banking and leisure activities.

Dan Wagner, the company's founder and chief executive, announced results for the six months to the end of June roughly in line with expectations. Maid reported a pre-tax profit of pounds 2m against a loss of pounds 3.9m the year before. However, the figures were flattered by the sale of a hotel Internet business to the US Internet access provider, 4th Communications Network.

Excluding exceptional credits, Maid made a pre-tax loss of pounds 1.7m, although Mr Wagner said the company was still on track to make a genuine profit for the full year: "The trend continues in the right direction towards profitability," he added.

Mr Wagner, who has an 18 per cent stake in the company, added that Maid would continue with its strategy of forming alliances with big players such as Microsoft and CompuServe to "dominate the market for retrieval of electronic business".

A product developed by Maid for CompuServe in the US, which gives the business community stock prices and company profiles, would be launched in the UK later this year, the company said. More details of a project with IBM are also due to be announced in the next few months.

Shares in Maid fell 5.5p to close at 209.5p, in part as a response to analysts' concerns that the churn rate - when customers fail to renew subscriptions - had gone up. One analyst said that while joint ventures were picking up, the core business was losing momentum.

Maid announced that it had acquired a 70 per cent stake in Muscat, a company which owns information retrieval technology, for pounds 5.6m.

Muscat, based in Cambridge, will enable Maid's InfoSort technology to be installed on personal computers, and will enhance searching capabilities for a variety of Maid products. Muscat's clients include Virgin.Net, Cascade Systems, the BBC and Reuters.

Life and Style
life
News
Brad Pitt and Angelina Jolie reportedly married in secret on Saturday
peopleSpokesperson for couple confirms they tied the knot on Saturday after almost a decade together
Life and Style
Chen Mao recovers in BK Hospital, Seoul
health
News
Joan Rivers has reportedly been hospitalised after she stopped breathing during surgery
people81-year-old 'stopped breathing' during vocal chord surgery
PROMOTED VIDEO
News
ebooksAn evocation of the conflict through the eyes of those who lived through it
Arts and Entertainment
tv
News
i100
Arts and Entertainment
Diana from the Great British Bake Off 2014
tvProducers confirm contestant left because of illness
Arts and Entertainment
Lisa Kudrow, Courtney Cox and Jennifer Anniston reunite for a mini Friends sketch on Jimmy Kimmel Live
tv
Life and Style
fashion

Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Client-Side web developer (JQuery, Javascript, UI, JMX, FIX)

Negotiable: Harrington Starr: Client-Side web developer (JQuery, Javascript, U...

Structured Finance

Highly Competitive Salary: Austen Lloyd: CITY - An excellent new instruction w...

SQL Server Developer

£500 per day: Harrington Starr: SQL Server Developer SQL, PHP, C#, Real Time,...

C#.NET Developer

£600 per day: Harrington Starr: C#.NET Developer C#, Win Forms, WPF, WCF, MVVM...

Day In a Page

Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
11 best face powders

11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
Angel Di Maria and Cristiano Ronaldo: A tale of two Manchester United No 7s

Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone