Javaid Aziz was well placed to take on the likes of Accenture, Cap Gemini and IBM in providing IT services to corporate clients. The former chief executive of IBM UK founded Aspective in 1999 by acquiring two divisions of the systems integrator Ives & Co, using £3m of venture capital from Kennet Capital and 3i. Investcorp stepped in with an additional £37m in 2000.
Projects for clients such as Pirelli, Commerzbank, Heineken and Bayer, together with the acquisitions of Oxygen Solutions in 2000 and Dataroam in 2001, helped expand sales by 108% a year from an annualised £3.9m in 1999 to £17m in 2001. Aspective has had to shed staff, going from a peak of 234 in 2000 to 170. This helped it to move from a large operating loss to an operating profit at the end of 2001.
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