The heavily-backed Irish financial software firm Information Mosaic has received a written assurance from one of its major shareholders that it will continue to fund the loss-making Dublin company for at least 18 months. SEB, the Nordic merchant bank, has committed to providing financial support to Information Mosaic to allow it pay creditors. The move forms part of a financial restructuring at the company, which has developed software to help financial institutions mitigate risk.
In addition,...
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