Sunday, March 4, 2012

DMR DATA BUYS SOFTWARE RIGHTS.(BUSINESS)

Byline: DAVID ORENSTEIN Business writer

ALBANY With an investment of less than $50,000 from a local venture capital firm, Patrick Brown said he has given his company a new name and the potential to triple its sales in the next two years.

DMR Data Inc., formerly Max Industries, used Exponential Business Development Co.'s infusion of cash to buy the rights to software that allows manufacturers to prepare reports required to meet certain environmental regulations.

Previously, Brown's home-based business merely sold the software, which was developed by Process Data Control Corp. of Dallas, Texas, a company founded by a Rensselaer Polytechnic Institute …

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