This financial software developer created Mortgage Fundamentals, used by blue-chip clients such as Abbey, Barclays, Nationwide and Royal Bank of Scotland to calculate customer losses on endowments. Founded and run by husband-and-wife Alan and Marion Malik, Exasoft has new products such as a bank-charges calculator. The company capitalises on the IT expertise of Coventry University by being based at its technology park. Sales have risen 107% a year from £1.7m in 2004 to £7.1m in 2006, when Exasoft made a significant profit.
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