PrismTech was founded in 1992 after a management buyout of the product development arm of Integrated Automation Systems. Based in Gateshead, it helps companies integrate different varieties of hardware and software into one seamless system. The company’s first contract was with Shell in Houston, Texas, and it now works with global companies in the financial and telecommunications industries.Internet-initiated sales account for much of its 69% annual sales growth, from £840,000 in 1996 to £4.1m in 1999. The web also ensures half of sales go overseas. There is a Houston office, with Boston and California locations to open soon. Keith Steele, chief executive, hopes to float PrismTech in 2001.
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