Web-content management firm secures €1.6m of investment
Dublin-based software firm Terminalfour has raised €1.6m of equity funding, which should lead to the creation of 15 new jobs by 2011.
The investment was led by the Ulster Bank Diageo Venture Fund, which is managed by NCB Ventures, and the AIB Seed Capital Fund, with grant aid coming from Enterprise Ireland.
The firm provides web content management solutions to universities and public sector bodies, and has more than 200 clients throughout Ireland, Britain and Europe. It now plans to expand its presence in the lucrative North American market.
It also plans to boost staff levels from 35 to 50, including sales, pre-sales and customer service jobs at its Irish headquarters.
Chief executive Piero Tintori said: "We decided to raise equity funding to provide us with the platform and strength to develop our interest in the US market. Given our very strong position, this investment gives Terminalfour the platform to capitalise on the growing international opportunities."
The company was recently named Irish Software Exporter of the Year by the Irish Exporters Association.
Mr Tintori founded the company in 1996 as an 18-year-old student of computer applications at Dublin City University.
Mr Tintori's big break came three years later when a local health board contracted its web content management to Terminalfour.