Software company Brio has released version 5.0 of its Enterprise suite and will float on the US Stock Exchange soon, co-founder and chief technology officer Katherine Glassey said today.
She said that the company had recruited a venture capital firm to help it float, six years after it was set up. She added that the length of timehad given Brio the chance to build up a user base, which includes London Buses and others in the UK.
Glassey said that base will help her company avoid the problem faced by many start-ups where the venture capitalists took such a large share in the operation that the founders' shareholding was "diluted".
Classical musician Glassey said: "There's always been a cadre of people who by some arcane method have been able to reach down into corporate data." The Brio suite, she said, will make that information available to most corporate users.
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