Eontec looks to new owner for financial support despite cut in losses

EONTEC, the Dublin software firm sold for €109 million in April this year, reduced its losses to €6.6 million in 2003.

Accounts just filed at the Companies Registration Office show pre-tax losses for the year to end December 2003 were down nearly 30% on the previous financial period.

In April Eontec, which provides software and IT services to financial institutions, was bought by American firm Siebal Systems in an all-cash deal.