With Desmond by its side, Datalex awaits a resurrection

5th July, 2020
With Desmond by its side, Datalex awaits a resurrection
Dermot Desmond: Datalex’s biggest investor last week provided a further €10 million loan to the company – to date he has put almost €25 million into Datalex

In 2019, a forensic accounting report pointed to “significant accounting irregularities” at Datalex. Now stabilised with a beefed-up board and Dermot Desmond investing heavily, the firm is seeking to have its shares relisted and rise again

A few days before last Christmas, the ground floor meeting room in Datalex’s head office in a business park near Dublin Port was almost completely deserted, but for the board of directors and a few advisers....

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