iQuate secures ââ€Å¡Ã‚¬700,000 investment

Tuesday 14 December 2004 09:31 CET | News

iQuate, Ireland’s only indigenous software company focused specifically on the fast expanding global market known as Compliance, Risk and Governance (CRG), has announced that it has secured ââ€Å¡Ã‚¬700,000 in investment from Executive Venture Partners (EVP) and Enterprise Ireland.

This money will be used by iQuate to bolster its sales and marketing efforts and to expand and enhance its product portfolio. iQuate, which was founded two years ago, develops software that makes it easier for companies to manage their computer networks. Customers include US Navy, University of Oregon, Kellogg’s and AIB. In compliance with specific legislation and standards that are rapidly emerging, iQuate’s IT Asset Management solutions assist organisations in managing their IT inventory and network infrastructure. iQuate’s solutions facilitate the reduction of the risks associated with running a business. Organisations today are legally required to ensure that the software on their networks is properly licensed. Legislation, that has been introduced over the last two years, including Sarbanes Oxley (SOX) Act in the USA and the Companies Act in Ireland, is rapidly impacting on organisations and dictating how businesses operate. Stakeholders and customers demand greater visibility and accountability, and employers must ensure that employees are not breaking the law or damaging the infrastructure through their software usage.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce