HISTORY

Coinciding with the development of Internet in Spain the company Infotel, Information y Telecomunicaciones S.A. was founded by five partners in 1996 in Granada. In only 7 years the company has become one of the leading suppliers of corporate information within Spain, counting with a customer portfolio of almost 50.000 clients, the majority of which are SMEs and sole traders and professionals representing the different sectors of economic activity.

INVESTORS

This together with Infotel’s high quality products and services and big innovative capability to create new products, resulted in 1999 in the take over by BSCH, Fondo Capital Riesgo Internet, of 20% of the company through a capital increase. This opportunity was not wasted by Infotel which increased their existing customer data base from 10.000 to 28.000 clients and more than doubled their turnover going from 2.15 million Euros in 1999 to 4.8 million Euros in 2000. The high growth rate and the good results encouraged the American company Capital Z Financial Service Fund to give Infotel a new capital injection of 13 million Euros.

GROWTH

As part of the company’s business development strategy Group Infotel was founded, whose first action was the opening of a branch office in Buenos Aires – Argentina which is considered as the point of departure of the group’s future expansion into Latin America. The strategy also included a renewal of the company’s image by changing its name to axesor. A name which reflects all the company’s values in one single word: Pragmatism, Quality, flexibility, High Response and Innovative Capacity.

During the last year axesor has consolidated itself as one of the leaders within its sector, closing the year with a client portfolio of more than 48.000 clients and a turnover exceeding 10.1 million Euros.

The objective of axesor for the year 2003 is to continue the positive development of the company by seizing new opportunities and overcoming challenges, finding strength in the high quality of our services and the satisfaction of our customers.