Saturday 21 April 2018

Brian Caulfield


Seasoned tech entrepreneur Brian Caulfield wants to crank up investment in fledgling tech firms, backed by our National Pension Reserve Fund's (NPRF) monies.

Many moons before Facebook and Twitter, fresh-faced young Trinity engineering graduate Caulfield co-founded Peregrine (later called Exceptis). Its anti-fraud software for credit cards and ATMs became a winner, garnering clients including Visa, Barclaycard and Irish banks.

In 2000, Cyril McGuire's Trintech bought Exceptis, netting Caulfield €6m. He headed up product development at Trintech for two years.

Caulfield quickly went on to start Similarity Systems. It, too, was bought out, for €44m in 2006, by Nasdaq giant Informatica, and he again hit paydirt to the tune of €7m.

In between, there was Prediction Dynamics which failed in 2004. From 2002 to 2007 he was also a partner at Trinity Venture Capital, leading investment in several firms that were acquired by listed companies.

He is on the boards of tech firms and the Irish Times. He has invested in several start-ups, including GridStore, where Iona founder Chris Horn is also involved.

Last year, Caulfield opened Silicon Valley VC Draper Fisher Jurvetson's (DFJ) Dublin office, following the NPRF's decision to invest €30m in two of its funds.

DFJ has money to spend on early stage Irish tech enterprises with revenues of €3-€4m.

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