This article is more than 1 year old
InterX sells portal software to The Innovation Group
Not the catalogue firm
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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