Deals done this past week


9 May 2011

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An overview of the week in deals in the Irish technology sector.

WeddingsOnline and Confetti enter deal to target UK market

Irish weddings website WeddingsOnline is taking a 25pc equity stake in Confetti, the UK’s largest wedding supplies web retailer and marketing business.

As part of the deal, two WeddingsOnline directors, managing director Peter Bryans and finance director Robert Truesdale, will join the Confetti board and direct strategy to maximise opportunities in the UK wedding media market.

“WeddingsOnline has done great things in the Irish wedding media market and we’re looking forward to working with Confetti, to strengthen the businesses on both sides. We are very excited about bringing our experience to an already established brand and to seeing what can be achieved in the much larger UK market,” said Bryans.

Three’s €38m contract with BT will provide 100MB broadband speeds

Three has made a €38m contract with BT to see BT’s fibre network rolled out across Ireland, letting Three customers access up to 100MB per second broadband speeds.

The network will be rolled out to support 1,000 sites serving Three’s existing customer base and more than 200 new mobile sites. These sites are located across Ireland, including Dublin, Cork, Limerick and Galway.

The rollout of this fibre network will take place over 18 months and will allow Three to deliver up to 100MB per second broadband speeds for Irish consumers.

VisionID to grow workforce thanks to AutoID deal

Tipperary company VisionID has signed a deal with global provider of vision and AutoID technology Cognex, which will mean an increase in its workforce over the coming months and an jump in product sales of around €250,000 a year.

The Clonmel-based mobile computing and barcode technology company has already added two engineers to its workforce of 16 following a deal with Cognex, which has a manufacturing plant in Cork.

VisionID said it is confident it will buck the recession by increasing its workforce even further by the end of this year.

Under the partnership deal, VisionID will become an Automation Solution Provider Partner of Cognex. This means VisionID will now have access to Cognex’s complete ID product set and expertise so it will now be able to provide its client base with solutions to improve the quality of its products, eliminate production errors, lower manufacturing costs and exceed consumer expectations.

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