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June 25, 1990

OPTICAL DISK UNIX DATABASE NEWCOMER STANDARD TO FLOAT HERE AND IN US

By CBR Staff Writer

Standard Platforms Holdings Plc, based in Blackburn, Lancashire, is to be simultaneously floated on the London Unlisted Securities Market and the New York NASDAQ and San Francisco Stock Exchanges on July 6, in order to raise money for its recently established Californian operation. The company hopes to raise UKP2.25m equity through an ordinary share placing. Standard is a turnkey systems Unix house, offering software for the scanning, storing and retrieval of documents on optical disks. The company was set up in the spring of 1988, specifically for the development of managment software for optical disk databases. So far it has sold around 25 of its Datasafe management systems. Turnover last year was UKP1.7m with profit of UKP46,500. The flotation has been priced to value the company at UKP9m. Last April Standard bought San Diego-based Docufile and it now wants to expand this business and penetrate the US optical disk document database market. Bob Astley, founder and managing director of Standard, says Datasafe is different from most management software for optical disks because as well as the storage and file management of vast amounts of data, it adresses the search and find aspect of document storage, retaining speed. It also operates in an open systems environment. Datasafe supports up to 1Tb of information will retrieve a document from amongst 32m documents in 15 seconds. It runs on any Unix machine with a processor of the size of the 80386 or bigger. The simultaneous share issue on the three markets is claimed to be unique by the company. It will be given proper mini global status by the introduction of a group of sub-underwriters who will be asked on the trigger date to underwrite the firm, subject to a clawback by the US and UK brokers. Standard’s brokers are Rickett & Co, of London.

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