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June 2, 1988

METAPRAXIS’ RESOLVE SOFTWARE MAKES MARK WITH THE US GENERAL ACCOUNTING OFFICE

By CBR Staff Writer

A four year old UK company, Metapraxis Ltd, has signed a deal worth a significant – but as yet undisclosed – sum, with the US General Accounting Office, for the provision and implementation of its Resolve executive information systems – EIS – software. EIS software is used to build corporate war rooms by extracting and displaying certain kinds of data from a company’s computerised files: the General Accounting Office will use the Resolve software for monitoring divisional performance and analysing federal expenditure trends. The inclusion of the US government agency on its 50-strong client list – which includes AT&T, Lever Brothers and Midland Bank International in the US, and British Telecom, Dee Corporation and Hanson Plc in the UK has also prompted the company to announce that it has now established US subsidiary based in Delaware. A company spokesman explained that the decision to establish a subsidiary, rather than use a distributor, was essential for maintaining the implementation and consultancy services which have contributed to the product’s success, and predicted that the company would rapidly establish itself as an important player in the US market. The Resolve software is designed to run on IBM ATs and MS-DOS micros: the cost of a software licence, including installation and consultancy fees, is in the region of UKP25,000. For its last financial year the Kingston-upon-Thames company, saw profits in the region of UKP300,000, on a turnover of around UKP2m. The company is thinking in terms of a public flotation in due course, but has no immediate plans.

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