This year Belfast-based Lagan raised £8.3m in a funding led by Cazenove Private Equity (now Esprit Capital Partners) to expand in America, and it has already made an acquisition there. Headed by chief executive Des Speed, the business develops enterprise and customer relationship management software for public-sector organisations, which use it to deliver service more efficiently. Lagan says it won more than 30 deals last year, and increased sales 68% a year from £2.2m in 2003 to £6.1m in 2005.
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