RAW, last year’s top firm in the Tech Track 100, films investor-relations events for companies and transmits the footage to the desktops of fund managers over a private network. It was founded in 1998 by three managers at Financial Times Electronic Publishing – Ab Banerjee, Christopher Holmes and Nick Edwards. The trio came up with the idea of using the internet for virtual meetings between executives and the investment community.
The London company raised a total of £20m in venture-capital funding from 3i, Intel and others, which it has used to expand overseas. It has also developed a web-based version of its service for smaller clients. Sales grew 164% a year from £797,000 in 1999 to £5.5m in 2001. RAW reported big losses in 2001 and has cut its staff from 91 last year to 70.
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