Founded  in 1972, Para Research is one of the premier application software houses in the country. Corporate offices are located in Gloucester, Massachusetts. During the 1980s, Para Research was the world's largest independent  supplier of business software for the IBM System/36. By 1988, Para Research had an installed client base of over 9,000 users. Also a Value Added Reseller (VAR), Para Research won the Grand Prize in the IBM VAR/36 Contest. In addition, Para Research wrote and published an industry trade magazine called  Mini. Deciding to specialize in business software systems, Para Research discontinued participation in the VAR program and Mini magazine. All energy at Para Research is now focused on the development, support and marketing of our complete line of business software solutions. Not content with past  success, Para Research continues to look ahead to what software users will need in the future. More than 20 percent of annual revenues are earmarked for software development. Select Accomplishments: February 1991: Para Research is named one of the Top Five AS/400 Integrated Accounting  Software Vendors by Systems3X & AS/World. Para Research was given a six  percent market share (our software is installed on six percent of all the AS/400s in the United States). February 1992: Para Research is named One  of the Magnificent Seven Software Houses by Technology News of America. Our  solid foundation and innovative recent accomplishments were highlighted. April 1991, 1992, 1993, 1994: Para Research is nominated for the Midrange Systems Buyer's Choice Awards October 1992: Para Research  Financial Systems are approved for the IBM Plug-'N'-Go program. Our software is  thoroughly stress-tested and benchmarked by the IBM technicians at the IBM  Rochester facility. April 1993: Para Research announces a software development contract with IBM to develop client/server versions of Para Research  business applications. September 1994: Windows, OS/2, Windows NT and AIX  client versions are available. February 1995: Para Research's client/server solutions are showcased at the IBM Business Partner  Executive Conference in Nashville, TN. April  1996: Para Research joins with IBM's San Francisco initiative to develop  framework applications. August 1996: Para Research announces first generation of true client/server solutions developed in Visual Age for Smalltalk. These solutions provide graphical  interface, client user logic, optional client field validation and processing  logic on the AS/400. February 1997: Para Research promotes the newest IBM AS/400 Model 150 for the small business clients by providing free software for all new AS/400 Model 150 systems  sold. March  1998: Para Research becomes a Lotus Business Partner and begins development of  Domino-based applications designed to work with Para's server based financial, distribution, Payroll and Human Resources applications. July 1999: Para Research releases the first version of Access Report Manager. This MS Access based report writer greatly improves customer's use of office  productivity tools with data from legacy applications residing in the AS/400  database. January  2000: Para Research announces Profile. Developed using Lotus/Domino, this Customer Relations Management (CRM) solution is a complete customer communications and relationship management system for Domino R5.