Ex-Qumas staff have their share options cancelled

More than 80 former employees of Irish software firm Qumas had their share options cancelled before the company's $50 million sale, which was completed in recent weeks.

More than 80 former employees of Irish software firm Qumas had their share options cancelled before the company's $50 million sale, which was completed in recent weeks.

Qumas, which was founded in 1994 and has operations in Cork and New Jersey, was bought for $50 million (€36 million) by medical software firm Accelrys at the start of December.

The buyout generated significant rewards for its investors - which include Bank of Ireland, AIB, ...