French firm helps Celtrak raise €1.5m in new funds

Galway-based IT firm’s funding will boost move into international markets, reports Dick O’Brien.

16th February, 2008

Galway-based IT firm’s funding will boost move into international markets, reports Dick O’Brien.

Galway based IT firm Celtrak has raised €1.5 million in a new funding round led by Egis, a French engineering company. Egis provided €1million of the total raised, while the balance came from existing investors, which included Enterprise Equity, Bank of Scotland and company founders Joe McBreen and Frank Clancy.

Celtrak’s core business is developing vehicle tracking...

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