Trintech snaps up industry veteran

2 Jun 2004

One of Ireland’s most accomplished technology industry veterans, Dr Jim Mountjoy, has joined the board of e-payments player Trintech as a non-executive director. Mountjoy, who has over 30 years of industry experience, is famed for co-founding Baltimore, selling his company Euristix to Fore Systems for €74m, and sits on various boards of Irish technology companies.

Mountjoy founded Euristix in 1990 and sold it to US firm Fore Systems in February 1999, which itself in April 1999 was acquired by GEC (Marconi).

Mountjoy currently acts as non-executive director of a number of technology companies in Ireland, as well as being a director of Science Foundation Ireland and chairman of the R&D advisory committee of ICT Ireland. He also sits on the advisory board of a number of Irish venture capital firms.

“Trintech is very fortunate to have Jim, a highly experienced and well respected IT executive, join our Board of Directors” said Cyril McGuire, Chairman and CEO of Trintech. “Jim’s track record in successfully building and managing growth in a global environment will be invaluable at board level as Trintech builds on the foundations for sustained profitability in its key markets.”

In recent months, after battling through the tech downturn and streamlining its operations, Trintech reported a return to profitability on the back of a 17pc revenue increase to US$12.3m. The company, which was founded by Cyril McGuire and his brother John in 1987, currently employs 350 people. Last year, the Sandyford-based company acquired US e-security firm DataFlow Services for an estimated US$5.3m.

Commenting on his appointment to the Trintech Board of Directors, Dr. Mountjoy said: “Trintech has successfully navigated the technology sector business cycles and is now well positioned for profitable growth. I look forward to contributing to this next exciting phase.”

By John Kennedy