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February 8, 1999


By CBR Staff Writer

Axon Group, an Egham, UK-based information technology consultancy is planning an initial public offering on the London Stock Exchange early in March. The offering, worth around 30% of the company, valued at about 30m pounds, will enable Axon to maintain the growth that it has shown throughout 1998, move into larger premises and invest further in electronic commerce. Even in ’99, we are looking to double our e-commerce division, says chairman and founder Mark Hunter, who adds that well over 50% of the money we raise will go into R&D. He says Axon grew by 94% last year and now has over 140 staff.

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