They wereĪfter leaving university, Mr Lomax held a range of posts in Major technical innovations were made to fulfil a need. If you look at the history of science, most ![]() "It's wrong to assume that the creative process is spoiltīy being within a structure. Their management systems were desperately poor. But many of the early IT firms went wrong because Small IT firms are virulently anti-management, claiming that it holdsīack their creativity. "We run this technology business like any other business. He said: "Misys is a management story rather than one of Most IT firms which shoot skywards like a rocket tend toīut the difference, Mr Lomax claims, between most IT firms whichĪre born beneath viaducts is that it is a managed company. Misys' growth has been rapid, but it has been stable andĭeliberate. My wife said that I was now unemployable, and if I was as "Shortly afterwards I was working on a management buy-out So we decided to take Misys back to origins and focus on the "We had the technology, but we didn't have the deep System was very advanced, we were based in the little old UK and could Line on a computer screen was a major achievement. "This was in the early 1980s, the days when drawing a straight Was based under the arches of Worcester railway station - as an evening Was still running the engineering business and managing Misys - which Said Mr Lomax: "We decided to build the business part-time. Ready-made company - Misys - in the back of his office - created almostĪs a hobby to develop insurance software. Mr Morgan not only had the contacts, but also happened to have a He did, and helped meįind a small technology firm in the US which could supply us." If he knew anything about computers and hardware. Running low, so to keep things going I asked the husband, Roger Morgan, Said Mr Lomax: "Late on in the evening the conversation was Mr Lomax was running an engineering firm and wanted to set up anĮarly Computer-Aided Design (CAD) system, but lacked hardware. Misys began as Mr Kevin Lomax's wife invited the woman who hadīeen in the next bed in maternity hospital and her husband around for a Interim profits and has a half-year turnover of pounds 288 million. Worcester-based Misys is now churning out close to pounds 60 million in Index, making it the first UK IT company to become a true "blueīorn in the back of an insurance expert's office, Year the business, employing more than 5,800, entered the FTSE-100 Or at least that's what Misys became, two decades on. What do you do during those awful silences at a dinner party? Kevin
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