Ocuco plans acquisitions after €10m investment from Isif

The Dublin-based optical software company employs 300 people in 14 countries and has more than 10,000 customers worldwide

Fergal McAleavey, Senior Investment Director, ISIF, Leo Mac Canna, founder and CEO, Ocuco, Nick Ashmore, Director, ISIF. Picture: Fennell Photography

Ocuco, the Dublin-based optical software company, is targeting a fresh wave of acquisitions after it secured a €10 million investment from the state-backed Ireland Strategic Investment Fund (Isif).

Ocuco, which employs over 300 people across 18 offices in 14 countries, is the leading optical software technology company in the world and has made over 15 acquisitions in the past decade.

“We stopped looking at acquisitions over the last 12 months when Covid-19 hit but we’ll certainly be back looking at opportunities again with this investment from Isif. It’s great to have this cash buffer behind the business to allow us look at new investment and acquisition opportunities,” Leo Mac Canna, the founder and chief executive of Ocuco, told the Business Post.