Quarterly Update

Top-of-list on the real estate side is the impressive new International Convention Centre Wales (ICCW). After tremendous work by a dedicated team, the doors to the complex were opened for the first time in September, to resounding success. We have shared the development and construction journey with you here in Q over the last number of months, and it will now give me equal pleasure to bring updates on the tremendous events, conventions and other activities the ICCW will be hosting. And one of the first was truly “out of this world”, as you will read in this issue. I also would be remiss if I did not call out the giant new Dragon guarding the property. An icon that you can’t miss, as the photos will attest.

In terms of the technology portfolio, our lead story is the milestone that mobile device experience management company Tutela achieved recently in merging with a larger leader in their industry. We are pleased to see the firm transition from our portfolio to this next level of independent business operation. We wish them nothing but continued growth and success.

Next, Solace, experts in event-driven data movement software and platforms, announced a bold new initiative called Event Horizon. By combining advanced new technology with educational programs and partnerships, they are working to move the industry toward more aggressive adoption of real-time event-driven application development.

You will also read about Hut Six in the UK. The company secured further validation for the security training products they produce, in the form of additional funding that will fuel continued expansion and growth. Two of the portfolio firms also provide updates on how they are addressing the growing need within the cloud computing industry for greater cost control — one from the service provider side of the industry, and the other from the enterprise customer perspective.

The Brookstreet Hotel/Marshes Golf course also got into the innovative technology arena
recently by playing host to the first local trial of exciting new autonomous transportation
technology. Within the safe confines of the golf course the public had the opportunity to experience a Connected and Autonomous Vehicle (CAV) operating in autonomous mode. Not surprisingly, the event was a big success, and thanks go out to the organizing team, the technology providers and the attendees of course.

I am pleased to report that the Wesley Clover family of global companies continues to grow and prosper. And I thank you for your continued interest.

Kind Regards,
Terry Matthews, Chairman