Prelude Trust, an investment trust that specialises in early-stage technology investments, has made 10 times its money on the sale of FillFactory, an image sensor technology company, to Cypress Semiconductor Corporation. Cypress is a Californian technology group listed on the New York Stock Exchange.

It paid $100m (€83m) in cash for the company. Prelude's shareholding in FillFactory at the end of March was valued at £10.6m, compared with an investment cost of £1m. FillFactory made revenues of €17.7m and profits of €2.4m last year.

News in brief: Prelude profits from FillFactory stake

Cypress Semiconductor

Hewlett Packard

Oracle

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