NearForm, the Tramore-based software company behind the HSE's Covid contact tracing app, has secured a multi-million euro investment.
The company says the funding will be used to scale operations and accelerate recruitment in sales, marketing, engineering and design, across North America and Europe, including Ireland.
Chief executive and co-founder Cian O'Maidin told the Irish Times the company plans to take on at least 40 people before the end of 2021.
The company currently employs about 160 people, most of them at its headquarters in Tramore.
No figure has been disclosed for the investment by Columbia Capital, but industry sources told the paper it's likely to be in the region of 14 million euro.
Cian O'Madin said: “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. 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. Our open source software solutions are already used by many of the world’s biggest companies, like Facebook, Netflix, and Uber, and can help others meet consumers' digital expectations faster than traditional methods.”
On the announcement, Jason Booma, Partner at Columbia Capital said “As digital becomes the default form of interface for both commercial and civic organizations, creating software stacks that emphasize agility can unlock attractive options for even those with the most complex enterprise architectures. 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”
