Corvil begins expansion after raising €9m funds

Software firm Corvil made a pre-tax loss of €8.2million last year, bringing its accumulated losses to more than €30 million.

19th May, 2007

Software firm Corvil made a pre-tax loss of €8.2million last year, bringing its accumulated losses to more than €30 million.

The company had turnover of more than €428,000 in the year to the end of July last, up from less than €121,000 in the previous 19 months. The low turnover reflects a glitch discovered in the company’s software during 2005.

According to new accounts, ‘‘the business suffered delays in bringing its new generation product...

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