Thursday 23 November 2017

Former Fianna Fail minister joins software firm as advisor

Nick Webb

Nick Webb

Former Fianna Fail minister and chief whip Tom Kitt has joined technology company 10n2 as a special advisor.

The ex-Dublin South TD will be advising the fast-growing company on European and regulatory issues.

Last week it emerged that 10n2, which has developed special software to stop people using their mobile phones while driving, had raised over €1.1m from investors. The company's new backers include Arunas Chesonis, who recently sold his US firm Paetec for €2.1bn.

It is understood the money raised from investors will be used to fund international and Irish expansion plans.

Mr Kitt, who stood down at the last general election, is one of the few Fianna Fail ex-ministers to have made a move into business. He has been involved with medical software firm Helix Health, which was also backed by former Anglo Irish Bank director Lar Bradshaw.

However, Mr Kitt is a long way off amassing the swathe of board memberships and directorships held by former finance minister and EU Commissioner Charlie McCreevy, who sits on the board of Newcastle United owner Mike Ashley's Sports Direct, Michael O'Leary's Ryanair, spreadbetting firm WorldSpreads and Bank of New York Mellon Clearing International.

Sunday Indo Business

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