ISTEL
ISTEL, formerly BL Systems, and latterly AT&T Istel, was a British information technology company.
History
The company was formed in 1979, as BL Systems, as a merger of all the computer departments of the various companies brought together under the British Leyland (BL) umbrella.[1] John Leighfield became the chairman of the new company, which, in addition to providing the computer resources and telecommunications services for the BL empire, gradually started to provide similar services for other outside companies. The company's headquarters were established in Redditch and Coventry. BL Systems pioneered many services, including the establishment of Europe's first microwave communications network in the late 1970s, and the creation of Comet in 1981, Britain's first electronic mail service. In 1984 the company's name was changed to ISTEL.
In June 1987, Rover Group (which British Leyland had been renamed to in 1986) sold ISTEL, in a management buyout, to a consortium of, its management and employees, and investors, led by John Leighfield, for £35 million.[2]
In October 1989, ISTEL became part of AT&T, and was renamed as AT&T Istel.
References
- ^ Pearce Wright (1986-12-19). "Invention dispute is settled". The Times. The Times.
{{cite news}}: Check date values in:|date=(help) - ^ "35 million pounds Istel". The Times. The Times. 1987-06-12.
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