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July 21, 1987

SANYO INCREASES SHAREHOLDING IN ICON SYSTEMS & SOFTWARE

By CBR Staff Writer

Icon Systems & Software Inc has landed $5m in additional funding from its main shareholder, Sanyo Corp, which now becomes its controlling shareholder, raising its stake to 60% from 40%: the Orem, Utah-based company designs and markets a multi-processor multi-environment – Unix, MS-DOS, Pick – system that is manufactured for it by Sanyo in Japan, and part of the cash will go towards bringing its next machine to market, with a target September launch date set.

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