Getting venture capital funding may be proving more difficult for start-ups in the downturn, but the quality of new technology firms coming out of Ireland in recent times should go some way to persuading funds to part with their cash.
One of the more interesting stories to come out of Ireland in the past few years is Intune Networks. The company developed a technology that helps network carriers cope with the explosion in data traffic and combat capacity issues.
It has attracted international attention and, more importantly, funding from venture capital firms. Amadeus Capital Partners, invested in Intune in 2008. It was recently announced that its co-founder, Dr Hermann Hauser, would join the board with immediate effect.
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