View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 13, 1988

3i BACKS MANAGEMENT BUYOUT OF MEMEX FROM THE RECEIVER

By CBR Staff Writer

The former Memex Information Engines Ltd, now Memex Information Services Ltd of Glasgow, has been rescued from receivership by a management buyout backed by the Investors In Industry venture capital fund and the Scottish Development Agency. The company, which has an OEM agreement with Gould Computer Systems for its Textract text retrieval software and believes that the market for such software is on the brink of explosive growth. The jobs of 12 people were preserved by the buyout, and Memex now looks to double its workforce within two years.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU