Derby tech firm set to create jobs

A Derby company which has developed a new payment system for the games industry is set to create new jobs in the city.

Transaction Technologies’ new platform will target the multi-billion dollar market for in-game downloads. PlayerLands, as it is known, allows players to buy virtual goods within games and is one of the few systems that will accept payments in real money rather than cryptocurrencies.

The firm recently secured a further £200,000 investment from the MEIF Proof of Concept & Early Stage Fund, managed by Mercia and part of the Midlands Engine Investment Fund (MEIF).

Now, the company is looking to recruit a new business development manager, customer support advisor, frontline support engineer, digital marketing executive and junior developer.

Transaction Technologies was set up by serial entrepreneurs Alex Booth and Nick Gillett. Booth has worked as a consultant in the gaming industry while Gillett is a games industry journalist and former Guardian columnist who has successfully exited previous start-ups. Having secured an initial £200,000 investment from MEIF to build the platform, the entrepreneurs have now successfully integrated it with the leading payment systems and are in discussions with a number of games developers.

Gillett said: “The games business, and especially the highly social world of server-based games, have been growing rapidly for years. We make it easy for developers and server owners to monetise their services, leaving them to concentrate on making the best entertainment.”