Quinlan could lose €2m in tech investment

Derek Quinlan, the financier behind some of the biggest property deals of recent years, looks set to lose about €2 million he ploughed into a Dublin technology firm, writes Gavin Daly.

20th November, 2010

Quinlan, whose loans were among the first to be transferred to Nama, is understood to be the main investor in Supplierforce.

The company developed an online system for large firms to manage relationships with their suppliers, but is closing down after failing to raise additional funding.

A creditors’ meeting has been called for Friday, and the company has sought the appointment of Ken Fennell of accountancy firm Kavanagh Fennell as liquidator. Apart from Quinlan, the...

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