Menu
12/03/2002
Lagan Technologies to expand after funding boost
Local software company Lagan Technologies has revealed intentions to double its workforce over the next two years following the company's successful bid for venture capital funding.
Founded in 1994 as a spin-off from a university research project, Lagan Technologies has since grown to become one of Europe's leading specialists in customer interaction software.
The funding injection – thought to constitute a "substantial amount" of the £14 million on offer from venture capitalists Crescent Capital – will be invested in expanding Lagan Technologies' sales and marketing operations.
Speaking about the news, the Managing Director of Lagan Technologies, Des Speed, said he thought the investment would help the company exploit the opportunities arising from a recently secured contract from Birmingham City Council, enabling the software company to build on its "strong foothold in the rapidly growing UK local authority market".
Dr Alasdair McDonnell, SDLP Spokesperson on Enterprise Trade and Investment, welcomed the announcement, and said he was pleased to hear that 60 new jobs were to be created at the company's Boucher Road premises.
He added: "I am particularly delighted that Crescent Capital, which was established some years ago for this very purpose, has led in this round of venture capital funding.
"I congratulate the directors of Lagan Technologies, Crescent Capital and the IDB in making this happen."
(CL)
Founded in 1994 as a spin-off from a university research project, Lagan Technologies has since grown to become one of Europe's leading specialists in customer interaction software.
The funding injection – thought to constitute a "substantial amount" of the £14 million on offer from venture capitalists Crescent Capital – will be invested in expanding Lagan Technologies' sales and marketing operations.
Speaking about the news, the Managing Director of Lagan Technologies, Des Speed, said he thought the investment would help the company exploit the opportunities arising from a recently secured contract from Birmingham City Council, enabling the software company to build on its "strong foothold in the rapidly growing UK local authority market".
Dr Alasdair McDonnell, SDLP Spokesperson on Enterprise Trade and Investment, welcomed the announcement, and said he was pleased to hear that 60 new jobs were to be created at the company's Boucher Road premises.
He added: "I am particularly delighted that Crescent Capital, which was established some years ago for this very purpose, has led in this round of venture capital funding.
"I congratulate the directors of Lagan Technologies, Crescent Capital and the IDB in making this happen."
(CL)
Related Northern Ireland News Stories
Click here for the latest headlines.
19 November 2024
Justice Minister Announces Additional Funding For Department
Justice Minister Naomi Long has welcomed the allocation of an additional £39.3 million to the Department of Justice following the October Monitoring Round. This funding will be used to address various pressures within the justice system, including those arising from the civil disorder during the summer.
Justice Minister Announces Additional Funding For Department
Justice Minister Naomi Long has welcomed the allocation of an additional £39.3 million to the Department of Justice following the October Monitoring Round. This funding will be used to address various pressures within the justice system, including those arising from the civil disorder during the summer.
19 November 2024
Minister Announces Funding For Winter Road Maintenance
Infrastructure Minister John O'Dowd has announced additional funding to improve road safety during the winter months and address waste-water infrastructure challenges.
Minister Announces Funding For Winter Road Maintenance
Infrastructure Minister John O'Dowd has announced additional funding to improve road safety during the winter months and address waste-water infrastructure challenges.
02 September 2022
Lagan Gate Bridge To Be Named In Memory Of Noah Donohoe
Belfast City Council has approved a proposal to name Lagan Gate bridge in south Belfast 'The Noah Donohoe Bridge'. The bridge's new name was agreed by councillors following an open public call for suggestions last year which resulted in more than 1,000 submissions in support of naming it after Noah.
Lagan Gate Bridge To Be Named In Memory Of Noah Donohoe
Belfast City Council has approved a proposal to name Lagan Gate bridge in south Belfast 'The Noah Donohoe Bridge'. The bridge's new name was agreed by councillors following an open public call for suggestions last year which resulted in more than 1,000 submissions in support of naming it after Noah.
02 February 2022
£2m Announced For NI's Search And Rescue Teams
DAERA Minister Edwin Poots has announced a new £2 million Covid scheme to help support vital search and rescue teams across Northern Ireland.
£2m Announced For NI's Search And Rescue Teams
DAERA Minister Edwin Poots has announced a new £2 million Covid scheme to help support vital search and rescue teams across Northern Ireland.
17 September 2019
Body Recovered From River Lagan
Police are investigating after a woman's body was discovered in the River Lagan. The body was found in the Shaw's Bridge area on Monday afternoon, 16 September. The death is not being treated as suspicious at this stage. A post-mortem examination will be carried out in due course.
Body Recovered From River Lagan
Police are investigating after a woman's body was discovered in the River Lagan. The body was found in the Shaw's Bridge area on Monday afternoon, 16 September. The death is not being treated as suspicious at this stage. A post-mortem examination will be carried out in due course.
-
Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
