Island Venture
This morning we announced a new IP Ventures spinout company - InishTech - in partnership with Enterprise Ireland. The new company is being led by serial Irish entreprenerus Aidan Gallagher, John O'Sullivan and David Smyth. InishTech is a spin-off of Microsoft's Software Licensing and Protection Services (SLPS), providing licensing and protection services to developers - ISVs and in-house developers. They also take over the management of the existing customer base of over 120 companies.
As with previous IP Ventures companies, Microsoft will have a minority stake and an observer on the board. This is the eighth IP Ventures company announced, InishTech following in the footsteps of Zignals, another Irish company and partnership with Enterprise Ireland, announced at our European Investor Summit in June 2009.
You can read the press release here one of the first articles on Informilo. Congratulations to Aidan and the team!
