• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
Computer Business World News

Computer Business World News

Trending News about Computers, Business and Tech

  • Home
  • BUSINESS
  • CAREERS
  • CLOUD
  • COMPUTERS
  • CYBERSECURITY
  • I.T.
  • TECH
  • VOIP
  • About

NearForm raises first major investment to fund growth

by

NearForm, the start-up that developed Ireland’s contact-tracing app, has raised a new funding round.

The investment comes from US investment firm Columbia Capital and marks the Waterford company’s first major funding from an outside backer, though no figures were disclosed.

The capital injection arrives after a busy 12 months for the start-up. It was enlisted by the HSE and the Department of Health to build Ireland’s Covid Tracker app to assist with contact tracing. The company has since developed similar apps for authorities in Northern Ireland, Scotland and several US states.

Elsewhere, NearForm develops enterprise software for corporate clients using open-source technology. It counts Walmart and IBM among its customers.

Chief executive Cian Ó Maidín said the new funds will be used to grow the company’s staff across several departments including sales, marketing and engineering in both Europe and North America. It currently has 160 staff, mostly in Tramore, and plans to add around 40 people this year.

“The unprecedented events of 2020 have shown that both public and private sector companies must react quickly to meet the challenges of today’s world,” Ó Maidín said. “NearForm was founded on the belief that open-source technology has become best practice for delivering cost-effective, scalable and secure digital platforms at speed for the most challenging projects.”

Investor Columbia Capital usually backs enterprise IT and mobility companies and typically invests a minimum of $15m in a company. It recently participated in the $120m Series E round for geolocation company NextNav.

“As digital becomes the default form of interface for both commercial and civic organisations, creating software stacks that emphasise agility can unlock attractive options for even those with the most complex enterprise architectures,” Jason Booma, partner at Columbia Capital, said.

“NearForm has an expert engineering-led culture that reliably translates to achieving positive and cost-effective customer outcomes. We look forward to working with the company as it scales and expands globally.”

The post NearForm raises first major investment to fund growth appeared first on Silicon Republic.

View Source

Filed Under: CAREERS

Primary Sidebar

More to See

Russian millionaire on trial in hack, insider trade scheme

BOSTON -- A wealthy Russian businessman and associates made tens of millions of dollars by cheating the stock market in an elaborate scheme that … [Read More...] about Russian millionaire on trial in hack, insider trade scheme

After ‘The Voice’ and BET, two Mississippians give one last concert before heading to L.A. – Magnolia State Live

After ‘The Voice’ and BET, two Mississippians give one last concert before heading to L.A. Published 6:45 am Monday, January 30, 2023 … [Read More...] about After ‘The Voice’ and BET, two Mississippians give one last concert before heading to L.A. – Magnolia State Live

CSH Triples Its Computing Power

by Jake W Streamer | published Jan. 30th, 2023 … [Read More...] about CSH Triples Its Computing Power

Footer

SITE INFORMATION

COMPUTER BUSINESS WORLD NEWS

About/Contact

Privacy Policy

Thank you for visiting our website.

Recent

  • Feb 2 | New Year = New Career!
  • Russian millionaire on trial in hack, insider trade scheme
  • After ‘The Voice’ and BET, two Mississippians give one last concert before heading to L.A. – Magnolia State Live

Search

Copyright © 2023 Computer Business World