Mirada on the up as it sells off car park payment business

The price of shares in AIM-listed digital TV software specialist Mirada (LON:MIRA) has climbed by 14.79% to 0.95p (as of 12:50 BST) after the company disposed of a non-core business arm. The disposal of Mirada Connect, which processed payments for UK car park operators, to PayByPhone UK will proceed for an agreed cash consideration of £2.1 million.

Mirada Connect generated revenues of £633,000 in the last financial year and was valued at £566,000 at the end of March this year.