Kilkenny-based group agreed to sell its payroll software developer Immedis to US multinational UKG in a deal reportedly worth €575m
Technology entrepreneur Terry Clune has been chosen as The Irish Times Business Person of the Month for June, an award run in association with Bank of Ireland.
Mr Clune is poised to secure a near €350 million pay-day after his CluneTech group agreed to sell payroll software developer Immedis to US multinational UKG in a deal reported to be worth €575 million. Immedis, a subsidiary of Mr Clune’s Kilkenny-based CluneTech business, sells software that aids companies in managing their payrolls efficiently across different countries and currencies.
Mr Clune established Immedis in response to a growing need from businesses with operations in multiple countries, making it increasingly difficult to manage their payrolls across their different bases. Clients include pharmaceutical giant Abbvie, Harvard University in the US, and ride-hailing service Uber. In the Republic, Immedis numbers ESB International and Dornan Engineering among its customers.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Government weighs construction VAT cut, export controls warning and paying for a fixer upperGovernment weighs construction VAT cut, export controls warning, and paying for a fixer upper: a round-up of the best news, analysis and comment from The Irish Times business desk.
Read more »
Austrian bank to offer Irish home loans, bird protection clashes and iPhone gripesBusiness Today: the best news, analysis and comment from The Irish Times business desk
Read more »
Irish bar in San Francisco takes direct approach to targeting Irish touristsCasement’s Bar is engaging in bar takeovers in Ireland over the course of July
Read more »
Canadian firm acquires Kildare-based Odyssey in second Irish M&A dealATS, listed on the Toronto Stock Exchange, has acquired the IT solutions firm two years after buying fellow Irish firm CIM
Read more »
Silicon Valley acquisition of Athone-based Sidero referred to Irish competition authoritySidero develops and manages software systems for large organisations, including government bodies, telecom companies, and financial services firms
Read more »
Devastated mum of Irish boy killed in Turkey crash with dad says 'he loved life'Mum of Irish boy killed in Turkey holiday crash with dad pays tearful tribute - ‘I’m just glad they’re together'
Read more »