Exago

ANGLE founded Exago in 2000 based on intellectual property developed by BT Exact, British Telecom's research, technology and IT operations business. Exago launched eXero, an integrated suite of advanced knowledge discovery, summarisation, collaboration and expertise location software tools that gives users the ability to find, manage and share information that is relevant to their business needs.

Exago's strategy was to generate revenue from the licensing of eXero to third parties for selling on to their customer base or for building into wider solutions. In its first year of trading, Exago achieved sales of £0.4 million through a combination of direct and indirect sales channels.

ANGLE sold Exago to Infonic plc in 2004 for a multiple on its investment of over ten times.