Deals done this past week

6 Apr 2010

An overview of the week in deals in the Irish technology sector, including virtual hosting firm Dediserve having secured a €1m cash injection to fund an expansion plan for 2010.

Facebook hires former Bebo CEO

Former Bebo CEO Joanna Shields has joined social-networking site Facebook to run its sales and business development in Europe, the Middle East, and Africa. Shields once worked helping internet search giant Google manage the same area.

Irish innovation transforms Indonesian borders

A new biometric system for border control developed in Letterkenny is to be deployed in Indonesia by the Directorate General of Immigration at the Department of Law and Human Rights in Indonesia, locally known as Imigrasi. SITA, the global air transport IT specialist, with a software development centre in Letterkenny developed the new biometric system for border control.

Virtual hosting provider raises €1m to fuel expansion

Virtual hosting firm Dediserve has secured a €1m cash injection to fund an aggressive expansion plan for 2010 that will include local and European acquisitions as well as opening sites in additional data centres and growing its headcount. The funding, which came from Carav Holdings, will be used to finance these plans as well as to market the company’s virtual server products and further develop its software platform.

Hedge fund firm invests €150,000 in virtualisation strategy

A Dublin-based hedge fund has invested €150,000 in the deployment of a fully virtualised IT infrastructure and disaster recovery system from IT Focus which eliminates the risk of business outage and reduces the overall risk to the business. Centaur was founded by Karen Malone, Ronan Daly and Eric Bertrand and began operations in September 2009 to provide a professional fund administration service to hedge fund managers and their investors.