InterX sells portal software to The Innovation Group

Not the catalogue firm

ComputerWire: IT Industry Intelligence

InterX Plc plans to sell its software business to The Innovation Group Plc for up to 8.3m pounds ($11.9m) and has decided to pin its hopes on winning control of 95% of the equity of Diligenti Ltd, which aims to become a major intermediary in life sciences and is unable to repay an 18m pounds ($25.9m) supplied by InterX.

InterX joins the long list of companies deceived by the dot-com hysteria and thought it had a worldbeater in BladeRunner, a toolkit for creating high-throughput transactional web sites. When this failed to take off it offered Net2020, a "single-view portal" built on top of the BladeRunner infrastructure.

This too failed to take off and with money running out the Brentford, UK-based company had no alternative but to sell the operation. The Innovation Group, a Portsmouth, UK-based software provider for insurance claims processing, said it is now seeing the results of 30m pounds ($43.2m) investment over the past two years, and sees great potential is selling the applications to its existing customer base.

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