When ASTRAC was set up in 1987, it provided support services for an IBM software package that enabled companies to trawl their databases for information that helped them to make better business decisions. When IBM stopped selling the software in 1998, ASTRAC acquired the rights to develop it. Now the Warwick company claims to have more than 200 blue-chip clients in 19 countries, including a European car-hire company that uses the software to collate sales and usage rates. ASTRAC’s sales have grown by more than 71% a year from £1.5m in 1999 to £7.5m in 2002.
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