Pictured are (l-r): Niall O’Donnellan, Enterprise Ireland Head of Policy, HR and Investment, Sinead Heaney, founding Director of BDO Development Capital Fund, Minister for Jobs, Enterprise and Innovation Richard Bruton TD and Justin Keatinge, founder Version 1
Version 1 receives €8m to drive international expansion
The BDO Development Capital Fund has announced its first investment since the launch of the €75million fund by the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD in March this year. The Fund managed by Development Capital, a 100% subsidiary of BDO, has invested €8 million in Version 1, one of Ireland’s fastest growing IT services companies.
This project is supported by the Department of Jobs through Enterprise Ireland.
The investment will enable Version 1’s further expansion into the UK and creation of up to 100 additional IT consultancy jobs in Ireland. The BDO Development Capital Fund provides development and growth capital for established, mid-sized and profitable companies to assist them to achieve and accelerate their export-led growth plans.
Version 1 was founded in 1996 by Justin Keatinge and is today one of the fastest growing IT services companies in Western Europe. The company has grown organically to become a trusted technology partner to major domestic and international customers across all industry sectors in the UK and Ireland. The company has doubled both profitability and revenue over the last few years, while at the same time delivering consistent improvement in customer satisfaction and world-class employee engagement.
O’Neill’s Irish Atlantic Sea Salt
O’Neill’s Irish Atlantic Sea Salt from West Cork, an Enterprise Ireland supported company, specialising in sea salt products, has won three gold stars at the prestigious Great Taste Awards this year.
O’Neill’s Irish Atlantic Sea Salt was set up in 2010, and landed its first gold star at the same awards in 2012. This time the company’s dill pollen sea salt landed three gold stars, with the oak smoked sea salt winning one gold star.
Only 153 products out of the 10,000 entered received the three-star accolade.
The awards are organised by the Guild of Fine Food, and are widely regarded as the ‘Food Oscars’. They look to showcase the best of the British and Irish food industries.
RadioShack signs a massive security deal with Cork’s Trustev
RadioShack, one of America’s best known retail brands, has signed a multimillion-dollar deal with Cork-based start-up Trustev to deploy anti-fraud technology across 4,000 stores in the US.
Trustev will deploy its new integrated sales solution at RadioShack locations to enhance the customer experience when buying a mobile phone. Trustev’s “data fingerprinting” technology will ensure these transactions are convenient for customers, and validated and protected for RadioShack.
When a customer makes an in-store purchase, Trustev’s software instantly scans approximately 260 online data points to ensure the buyer is legitimate and confirm their identity. Additional enhancements through the Trustev platform include an integrated activation portal for credit authorization, as well as future online mobility sales for omnichannel capability.
More info:
http://www.trustev.com/
PM Group Wins International Business Award
PM Group was recently awarded the SBR (Singapore Business Review) International Business Award for their involvement in the design of projects in the Life Sciences sector in Indonesia, executed from their Singapore office. Projects include a greenfield pharmaceutical facility for Fresenius Kabi in Jakarta.
“We’re delighted to have won this award. It’s a real testament to our people and recognises our commitment to our clients in the ASEAN region. Our growing track record in Indonesia is underpinned by over 40 years’ experience delivering highly complex projects for the pharmaceutical industry worldwide”, said Pat Ryan, Operations Manager - Singapore, PM Group.
The SBR International Business Awards set out to recognise the best and brightest among Singapore’s international firms and the contributions each make to South East Asia economies.
Eight new jobs to be created in Carlow
Maven TM, a B2B telemarketing and lead generation agency to the technology industry, is expanding its international business, with support from Enterprise Ireland. This expansion includes the creation of eight new jobs in its Carlow office in the areas of Operations, HR, Training and Project Management.
Set up by Mark Cradock in 2011, Maven TM has been built largely on self-funding without external investors and has achieved strong results, growing to over 30 staff and building client base of over 60 leading technology companies across eight countries. Providing its services in 12 languages, Maven TM finds and qualifies, through data analysis, digital marketing, social media and targeted telemarketing activities, new sales opportunities for its clients, boosting their sales revenue.
