#Interarchy upgrade upgrade#

This 'employee buyout' resolved both of those problems very nicely.' Stairways founder Peter N Lewis said 'I was looking at retiring (or semi-retiring) in a few years, but that gave no clear succession plan for Matthew or for Interarchy customers. 'It is just a short punchy name like Kodak or Pixar.'

'I don't want to say too much other than it is something we are very excited about.'Īnd the name of the new company? 'I could come up with an elaborate story but the truth is Nolobe doesn't mean anything,' Drayton said. Version 9.0 should be released during the second half of 2007.ĭrayton told iTWire that Nolobe will not be a one-trick pony, and work is underway on another product.

#Interarchy upgrade upgrade#

Nolobe plans to release Interarchy 8.5 - a free upgrade for 8.x licensees - today. Customer records have been transferred to Nolobe, and existing licences will be honoured. All that is known is that Stairways was the first user of the Kagi payment system to generate revenues of $US1 million.įrom a customer's perspective, it is basically business as usual. Drayton's brother David is also part of the new venture.įinancial details of the transaction, including past and projected revenues, have not been disclosed. Like Stairways, Nolobe is based in Perth, Western Australia. Drayton, a Stairways employee since 2001, formed a new company called Nolobe as a vehicle for the buyout.