Copperfasten, a Salthill, Galway, Ireland-based software company that provides internet security solutions, received a €500k investment.
Backers include Oyster Technology Investments Ltd and Enterprise Ireland.
The company intends to use the proceeds from the investment to fund an export-led growth plan, which is expected to more than treble sales over the next 3 years.
Copperfasten Technologies, which currently employs 15 people, plans to create 37 new jobs.
Established in 2000 and led by CEO Ronan Kavanagh, the company produces two internet security solutions for the B2B market – SpamTitan and WebTitan.
SpamTitan is an e-mail gateway security appliance that protects corporate e-mails from viruses, spam and unwanted content. WebTitan is a web filtering appliance that allows companies to monitor, control and protect users and data when online (12% of sales).
The company, which delivers its products through Appliance-based Software Delivery (AbSD) and Software as a Service (SaaS), currently has more than 2,500 customers in over 100 countries around the world.
FinSMEs
26/05/2012