Research reveals collapse in high-tech investment
New research suggests that there was a collapse in investment and buyout activity in the indigenous high-tech sector in the second quarter of this year, writes Nicola Cooke.
The quarterly funding survey from Dublin firmWho42 found that just €25 million worth of deals was disclosed in the three-month period. The figure was less than half of the €51 million in deals reported in the first three months of the year, and a fraction of the €202 million in the fourth quarter of 2008.
Neil Pope, director of Who42, said that economic uncertainty and continued market volatility had contributed to the drop in the value...
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