Allfinanz, a Dublin software firm that was bought for €48 million a year ago, made a profit of €2 million for 2007, new accounts show.
The company’s turnover rose by more than 80 per cent to €7.3 million last year, compared to €4 million in 2006.
Last November, insurance firm Munich Re acquired Allfinanz for €48 million in cash, marking a payday for its management, staff and three venture capital backers.
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