Friday September 18, 2020

Desmond profits from sale of Dublin tech company

Financier Dermot Desmond and several other high-profile investors have more than doubled their money with the sale of Pace Soft Silicon, a Dublin technology company.

8th April, 2006

Financier Dermot Desmond and several other high-profile investors have more than doubled their money with the sale of Pace Soft Silicon, a Dublin technology company.

Nvidia, a US firm that makes graphics chips for computers, has paid about €10 million for Pace Soft Silicon.

The firm had raised about €4 million from investors including Desmond, horse trainer Dermot Weld, music promoter Denis Desmond of MCD and Philip Lynch, the chief executive of IAWS.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago