Profile: Allen & Co.

Allen & Co. was a participant or observer in the following events:

1985: Private Company’s Attempt to Purchase Inslaw Fails

A company called SCT attempts to purchase Inslaw, which designed the PROMIS database and search application. SCT is assisted by the New York investment bank Allen & Co., which helps with the finance for the proposed deal. The attempt fails, but, according to Inslaw’s founder William Hamilton, in the process a number of Inslaw’s customers are warned by SCT that Inslaw will soon go bankrupt and will not survive reorganization. Wired magazine will say that Allen & Co. has “close business ties” to Earl Brian, a businessman who is said to be interested in PROMIS software and who is well-connected inside the Ronald Reagan administration. [Wired News, 3/1993]

Entity Tags: Inslaw, Inc., Earl Brian, Reagan administration, SCT, William Hamilton, Allen & Co.

Timeline Tags: Inslaw and PROMIS

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