Couple to float £50m e-company

A husband and wife are set to become the latest internet millionaires by floating their software company on the Alternative Investment Market.

BSoftB, founded six years ago by Gordon Graham and Fiona Morris, is expected to be valued at between £45m and £55m when floated next month. The Manchester-based company is seeking to raise £15m through an institutional placing.

The group, formerly known as International Computer Engineering, lists British Nuclear Fuels among its clients. BSoftB's main product is V9-Creator, a software product used to build internet applications that allow companies to trade online with each other. The online transactions market is forecast to rise from $145bn last year to $7,300bn by 2004.

BSoftB employs 30 staff, including its other two founders, Ian Darbyshire and Stephen Drake, both senior executives.