In recent months, Intact Software closed a €1.5m investment from the Goodbody 2015 EIIS Fund together with an investment of €400k from Enterprise Ireland.
The new funds will be used to expand Intact’s sales and marketing capability, create 30 jobs over 2 years and to further develop our cloud offering. We’re also establishing a local presence in the British market.
The investment represents a big change for Intact Software, established almost 24 years ago. It’s the first time we have gone externally to look for funding to develop our business further.
"We have been growing rapidly over the past 24 months, with interest from businesses not just in the UK but also in North America. The investments by the Goodbody EIIS Fund and Enterprise Ireland will enable us to really scale the business and expand our team as we plan to more than triple our business over the next 4 years" said Intact CEO Justin Lawless.
The investment in Intact is the first by the newly established Goodbody 2015 EIIS Fund which is managed by Hughes Blake. Partner, Stephen McGivern said “We’re delighted to make this investment to enable Intact Software to significantly grow their presence in the key UK market.
To read the full piece ‘Intact puts €1.9m behind cloud management software pitch’ in this week’s Sunday Business Post, click here.