Digicel invests €1.5m in UCD start-up HeyStaks, company hiring 20 staff
A UCD-based technology start-up says it intends to hire 20 people after a €1.5m investment.
HeyStaks Technologies analyses smartphone behaviour to allow mobile operators gain greater insight into customers' activities.
The company says that it will hire between six and ten people within six months and up to 20 within a year.
It says that the investment, from Denis O'Brien-owned mobile operator Digicel, will be used to expand into Asia, the Middle East and the Americas.
“Mobile devices are central to peoples’ daily lives and every time we use them, we give clues about our current intent, needs and wants," said Dr Maurice Coyle, co-founder and chief executive of HeyStaks. "The new funding will help us build the team to support our growing list of global customers within a massive, growing market of mobile data analytics.”
HeyStaks was founded in 2008 by Dr Coyle, Dr Peter Briggs and Professor Barry Smyth. It had previously attracted investment of €1.8m from The Ulster Bank Diageo Venture Fund, the AIB Seed Capital Fund and Enterprise Ireland.