Goldman Sachs Purchases Shares in IXOS

US investment banking and securities firm Goldman Sachs (Washington) has taken an 18% stake in

iXOS Software (San Mateo, CA). IXOS plans to use the investment to help it expand beyond its home ground in Germany, according to the ComputerWire IT news service. Goldman Sachs becomes the second largest shareholder of iXOS, which predicts 1998 revenue of approximately $56 million; founders and employees own 60% of the company. ERP system manufacturer SAP (Walldorf, Germany) owns 10% of iXOS.