AMCS, a Limerick, Ireland-based supplier of integrated software and vehicle technology for the resource management, waste collection and recycling industry, received a significant investment from Insight Venture Partners and Ireland Strategic Investment Fund (ISIF).
The amount of the deal was not disclosed. Under the terms of the funding, Euan Menzies, Senior Advisor at Insight Venture Partners, Henry Frankievich, Vice President at Insight Venture Partners, and Robert Schnittger, Investment Director at ISIF will serve on the AMCS Board as non-executive directors.
Menzies will assume the role of Board Chairman.
The company will use the proceeds for continued product innovation in its suite of SaaS products and related technologies, to further accelerate the growth in North America, Europe and Australasia, and to expand its SaaS Platform into adjacent vertical markets.
Led by Jimmy Martin, CEO and founder, AMCS provides over 1500 customers with a SaaS Platform for waste, recycling and resource management sectors, which includes industry-specific Enterprise Management Software, Intelligent Optimization, Mobile Workforce, Vehicle Technology, Digital Engagement and Analytics solutions.
To accommodate rapid growth, the company will be opening a new global headquarters at City East Plaza, Limerick, Ireland in late summer 2018. The additional office space will support the continued expansion as it creates 100 new jobs in Product Development, Sales, and Global Customer Support over the next 3 years.