Mobile barcode specialist NeoMedia Technologies has secured a $450,000 (£291,000) investment from YA Global Investments, LP and restructured a loan agreement with the company.
The restructured agreement will extend the maturity date of the existing loan by 12 months until 1 August, 2013, from the original default date of 29 July, 2012. In addition, the interest rate attached to the current loans has been reduced. YA has been backing NeoMedia since 2002, and has invested $2.2m in the firm this year. 
“NeoMedia appreciates YA’s long-standing investment in the company, and is happy to continue working with this partner in the future to meet our goals,” says NeoMedia CEO, Laura Marriott.
