Meridio was founded in 2001 as a spin-off from a division of Britain’s Kainos Software and a division of Teamware Group, a subsidiary of Fujitsu. The Belfast company develops document and records management software, selling through a network of system integration and software resellers. Expansion into the Continent and America has helped sales grow 71% a year from an annualised £2.5m in 2002 to £7.3m in 2004, under chief executive Brian Baird. Last year, the company raised £4.8m from the venture-capital firm Polaris Venture Partners to fund expansion overseas.
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