Herald Investment Trust Plc is a United Kingdom-based investment company. The Company's objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of telecommunications, multi-media and technology (TMT) and having market capitalization below two billion dollars. Its investments may be made across the world. It focuses to construct a diversified portfolio through the identification of individual companies, which offer long term growth potential, typically over a five-year horizon or more. It invests in various sectors, including oil and gas, basic materials, consumer goods, industrials, healthcare, consumer services telecommunications, financials and technology. The investment manager of the Company is Herald Investment Management Limited (HIML).