Technology
Charlie Taylor: Cubic Telecom’s mega-deal shows the potential of Irish firms if we back them
Softbank’s acquisition of a controlling stake in the Irish tech company values Cubic Telecom at around €900m - significantly higher than any other Irish exit
It may have been a tough year for Irish tech firms but 2023 is ending on a high with the news that Softbank has acquired a controlling stake in the Irish company Cubic Telecom for a whopping €473 million.
This transaction, coming hot on the heels of last week’s acquisition of Soapbox Labs by US ed-tech company Curriculum Associates and Zoom’s purchase of Workvivo earlier in the year, shows that the quality of Irish tech ...
