By Felicity Ussher, 26 June 1998 13:30
NEWS Dispatcher-CS, a data warehousing software package that was sold to a US firm, has been bought back by its UK creator. Ian Shepherd set up a new company, Logistics Technology, to purchase Dispatcher from Symbol Technologies, a US-based bar code vendor. Shepherd's $15m purchase is being funded by Schroder Ventures, which will fund the product's expansion throughout Europe and the US. Graham Wrigley, partner in Schroder Ventures and future board member of Logistics Technology, said: "Symbol was unable to develop Dispatcher satisfactorily. It competed with some of their clients' software. Now we can invest in new functionality and sell the product to international distributors and manufacturers." Schroder has raised $3.5bn of funding to develop Dispatcher. Tetley, Thames Water, Toyota and Glaxo Wellcome already use the data process management software.
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