Wednesday 22 November 2017

Intercom, set up by Eoghan McCabe and Des Traynor, is tipped to become Ireland's first private company with a valuation of 1bn. The customer communication software company is well on its way. Last April, it closed a new funding round of 44m, which valued the company at 500m.

It is adding 600 new paid customers and $1m in new annual recurring revenue every 10 days. It says that its turnover has quadrupled since last year. The five-year-old company is split between Dublin, where most of its design and intellectual property people sit, and San Francisco, home of its sales and marketing team. Dubliners McCabe and Traynor own just over half the company.

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