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The group was originally founded in 1983 and floated on the Unlisted Securities Market in 1988 before moving to the Official List in 1990. The current group is the result of restructuring following the company being taken private by its current management - Christopher Winn and David O'Byrne in 1999 when the two founders exited the business. The group supplies enterprise application software to wholesale distribution (20% of group turnover), mail order (21%), manufacturing (40%) and food and processing companies (19%). Recurring revenue is over 50% of the business, which includes software licensing, maintenance and support fees. Just under 90% of revenues comes from its existing 500 customers. The company is cash generative which will enable the group to pay a dividend at least twice covered by earnings. No single customer accounts for more than 3% of total revenue. At the heart of the software offering is the UNITY software suite, which was released in 2003. The software runs on Microsoft, Unix and IBM platforms, all accessible via a network.
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