Summary
A Glasgow-based software firm that was one of the great hopes of the Scottish technology industry has been sold at a knock-down price, apparently crystallising hefty losses for its backers.
McLaren Software, which develops systems that allow industrial firms to control complex documentation, has been acquired by IDOX for pound(s)1 million.See the full content of this document
Extract
Mclaren Sold to Idox for Knock-Down Price of Pound(S)1m
Ten years ago, McLaren was valued at around pound(s)15m in a management buyout.
The deal will allow London-based IDOX to broa...See the full content of this document
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