Viatel Group in deal for Limerick-based ActionPoint

Dublin-based telecoms service operator Viatel Group has today announced a deal for digital transformation services provider ActionPoint for an undisclosed sum. The Limerick headquartered company provides cutting-edge software development and managed IT services to over 500 customers. These include Munster Rugby, Chill Insurance, National Lottery, the Department of Foreign Affairs and some credit unions. The company also has offices in Dublin, Cork, Galway and Lisburn. [...]

January 12th, 2022|

Guinness startup hub to cater for 220 firms after €10m makeover

The Guinness Enterprise Centre, a startup hub nestled in the old stables of Dublin’s landmark brewery, has just gotten a €10m makeover. Thanks to money from State agencies including Enterprise Ireland, a loan from the Ireland Strategic Investment Fund and help from Guinness owner Diageo, two stories have been added to create a 100,000-square-foot base that can now accommodate 220 co-working companies, up from 160. [...]

December 2nd, 2021|

Investments in startups surge to overtake pre-pandemic levels

Startups across the island of Ireland are now raising more money than they were pre-pandemic. Angel investors injected €8.38m into 37 startups in the first half of 2021, 13.5pc up on the same period in 2019, according to the Halo Business Angel Network (HBAN), an umbrella group for early-stage investors. According to HBAN data, the average amount invested in the first half of 2021 was [...]

November 4th, 2021|

Colm Lyon puts another €2.5m into Fire Financial Services

Technology entrepreneur Colm Lyon has pumped a further €2.5 million into his digital payments company, Fire Financial Services. The cash injection brings to about €19 million the total of equity invested in the business, the overwhelming bulk of it provided by Mr Lyon, who along with his wife earned an estimated €90 million from the sale of Realex Payments in 2015. Documents filed at the [...]

October 29th, 2021|

ID-Pal win at the 2021 Emerging Payments Awards

Irish company ID-Pal has won Best Customer Facing Experience at the Emerging Payments Awards in London. ID Pal enables businesses to verify the identity of customers in real-time simply, securely and conveniently. The solution is easy to use, seamless to integrate and instantly customisable to the specific needs of any business, eliminating the complexity, cost, timelines and risk associated with regulatory compliance. Businesses gain access [...]

October 7th, 2021|

20% of SMEs applied for bank credit – Credit Demand Survey, September 2021

The results of the latest SME Credit Demand Survey shows that 20% of small and medium sized businesses applied for bank credit between October 2020 and March 2021. 72% of SMEs reported that sufficient internal funds was the reason for not seeking credit. The survey series is conducted by Behaviour and Attitudes, on behalf of the Department of Finance.It is the most comprehensive survey of [...]

September 29th, 2021|

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