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Today, we're excited to announce we've received the backing of Passion Capital, an investment fund managed by the prominent angel investors Stefan Glaenzer, Eileen Burbidge and Robert Dighero.

The move marks the beginning of an exciting partnership; with significant steps forward for the video tagging tool over the coming months.

Steve Callanan, CEO of WIREWAX talking of Passion's backing said, "we feel privileged to have the support of such a stellar cast of angel investors. From the moment we met Passion, it felt right. Their vast experience, notable accolades and all round approachable nature makes this an exciting partnership for us as we take some significant steps forward". Passion Capital's Stefan Glaenzer welcomed WIREWAX to the fold saying, "we're very excited about the technology developed by WIREWAX and the value it can bring to video content. The opportunity to engage viewers and enrich video material by generating interactivity, further breadth of material and commerce opportunities is limitless . On top of all that, Steve and Dan are undoubtedly the best individuals to capitalise on this opportunity. Their backgrounds, directly relevant experiences and fact that they're genuinely great guys to work with won over each of us at Passion.".

An exciting time for WIREWAX users!

The full press release is available to download here.