'CarTrawler needs private equity firepower to compete'

Latest deal should be last stage before stock market flotation, writes Tom Lyons

Cartrawler CEO Mike McGearty (centre) with CTO Bobby Healy and Gillian French, Chief People Officer, at a jobs announcement Photo: Mark Stedman/Photocall Ireland
CarTrawler's CEO Mike McGearty (centre), chief technology officer Bobby Healy and chief people officer Gillian French. Pic: RollingNews.ie

It is always sad to see Irish technology company founders sell out too soon. Recent news that Dublin-based travel technology CarTrawler looks set to be sold again for over €700 million would appear a case in point.

It is now six years since the business's original foundersNiall and Greg Turley sold out to ECI Partners for €90 ...