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.
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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