Credit control firm Web App fails with debts of €4.2m

A Dublin firm that developed credit control software has collapsed, leaving its backers nursing losses of more than €4 million.

Ian Kehoe - avatar

Ian Kehoe

2nd May, 2009

A Dublin firm that developed credit control software has collapsed, leaving its backers nursing losses of more than €4 million.

Web App Technology, which was founded and run by businessman David Malone, has gone into liquidation after failing to raise new funding. The company has debts of €4.2million, most of which is due to its shareholders.

WebApp had raised €3.7 million from investors, including businessman Simon Kelly and European financial software firm Arvato. Kelly...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago