MPSTOR confirm €1.5 m investment simultaneous with the appointment of new CEO
MPSTOR Ltd, an Enterprise Ireland HPSU Company and developer of data storage management products today announced a €1.5m investment led by the Bank of Ireland Kernel Capital Fund and Asian Investment firm Winning Tack.
Mr. Kevin Haverty will join the Company as CEO with immediate effect, Mr. Haverty was previously CEO of Mentec International Ltd. MPSTOR is based at the Cork Institute of Technology’s Rubicon Centre.
Commenting on the announcement, Frank Ryan, CEO of Enterprise Ireland said: “Enterprise Ireland welcomes this international investment and also the investment by a venture capital fund that’s supported by Enterprise Ireland in this early stage high potential company. These are exactly the type of international linkages that can help young and ambitious companies grow and develop their export markets.”
“This investment enables the enhancement of our management team through the appointment of Kevin Haverty and we are now focused on enhancing our existing sales team through additional appointments,” said MPSTOR Director, William Oppermann.
Orla Rimmington, Operations Manager at Kernel Capital added: “We are pleased to be associated with this Cork-based indigenous company that is demonstrating strong global reach through its compelling product suite.”
The MPSTOR team located in Cork and Dublin sell storage management software to the $16.5bn Data Storage Market. MPSTOR’s software runs on a wide range of storage devices including Intel platforms, allowing it to scale from entry level to enterprise performance very cost effectively.
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