Friday August 7, 2020

How an Irish tech star crashed to earth

Altobridge had a stellar shareholder roster and an award winning product. Ultimately, it was not enough, writes Ian Kehoe.

8th June, 2014
Mike Fitzgerald, Altobridge's co-founder, was replaced as chief executive in 2013. Picture: Tony O'Shea

Nine days ago, Jim Luby made the 293 kilometre trip from Dublin to the Kerry Technology Park in Tralee, the global headquarters of the Irish technology firm Altobridge.

An insolvency specialist, Luby had been dispatched to Tralee at the behest of Intel, the multinational microchip giant and IFC, the venture capital arm of the World Bank.

Intel, through its venture capital arm, and IFC had invested millions of dollars in Altobridge through a series of funding...

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