Sunday 25 February 2018

Irish tech firm creates 30 new jobs in Dublin

Diona Technologies is to create 30 new jobs in Dublin. Picture posed by models
Diona Technologies is to create 30 new jobs in Dublin. Picture posed by models

Roisin Burke

Irish software company Diona Technologies has closed €4m in funding and is opening a new office in Dublin that will hire over 30 people.

The technology firm, which has government agencies around the world as clients, secured the investment from venture capital company ACT and banking specialist Investec in a series A fundraising round advised by Goodbody Corporate.

Diona aims to hire at least 30 high skill mobile technology and back office support staff in the coming 12-18 months and has just signed a lease on a new office in Dublin 4.

The company expects revenues of €6m for 2013 and plans to expand at a rapid pace, with the fresh investment being used to accelerate the company's global expansion plans with a focus on adding employees and developing technology. It currently has over 75 employees in seven countries including Ireland.

Former Tanaiste Mary Harney is a director and Investec managing partner Michael Murphy will now join the board.

"We had a choice in terms of location for setting up our global headquarters and primary R&D facility," said chief executive and founder Graham Stubbs.

"We chose Ireland as our experience tells us that it is, in our opinion, singularly the best place to start and grow a technology company."

Set up in mid-2012, Diona, whose technology supports government social security, social services and health systems in many countries, was founded by three former senior Curam Software executives -- Graham Stubbs, Anil Singaraju and John John Polakowski.

Clients include Britain's department of Work and Pensions and the national social welfare departments in New Zealand, Hamburg, several states in Canada and Minnesota in the US. Its partners include Accenture, Hewlett Packard and IBM.

The latest investment is from the Ulster Bank Diageo Venture Fund managed by Investec Ventures, with co-investment from ACT, whose investments include Swrve, Lifestyle Sports and fintech firm Corvil.

Investec Ventures manages a €75m venture capital fund established under the Enterprise Ireland venture capital programme. It invests €1m-€5m in Irish companies across a range of sectors and to date has backed 17 companies.

Irish Independent

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