Thursday February 20, 2020

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.

Barry J Whyte

Chief Feature Writer

@whytebarry
29th December, 2013

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, Delta Partners, Fidelity Growth Partners and...

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