Openet Telecom sold in $180 million deal
Software firm‘s takeover will result in windfall payments to investors, including senior management
The Dublin-based software company Openet Telecoms has been sold for $180 million (€155 million) in one of the largest deals involving an Irish company this year.
The sale of Openet to the American firm Amdocs will represent a major windfall for the company’s shareholders, who include founders Joe Hogan and Niall Norton, and the investment firm Balderton Capital.
For many years Openet, which develops software for the telecoms industry, was one of Ireland’s fastest-growing...
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