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October 30, 1995

YET ANOTHER UK ISDN FIRM FALLS – TO NETWORK EXPRESS

By CBR Staff Writer

All the small British ISDN companies are getting snapped up by US firms playing catch-up, since the European market is much further developed – and they are taking UK firms presumably because they speak English and because business is dreadful since British Telecommunications Plc lines are too pricey. Latest to go is Fivemere Ltd, Aldershot, which has fallen to Ann Arbor, Michigan-based Network Express Inc for $10m cash and 475,000 new shares. Fivemere did $8.6m in 1994, and looks for $10m this year from its ISDN-based digital circuit back-up equipment for the financial information services market. For 1994, 70% of Fivemere’s revenue came from the UK, 19% from other European countries and 11% from the rest of the world, principally from the Pacific Rim.

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