McLaren Software, which develops systems that allow industrial firms to control complex documentation, has been acquired by IDOX for £1 million.
Ten years ago, McLaren was valued at around £15m in a management buyout.
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McLaren sold to IDOX for knock-down price of £1m
A Glasgow-based software firm that was one of the great hopes of the Scottish technology industry has been sold at a knock-down price, apparently crystallising hefty losses for its backers.
