Rooney returns with Vimio
The company is raising around €7.2 million for expansion after share placing with private and institutional investors. These shares will be listed on London’s Alternative Investment Market (AIM) this month.
Mr Rooney, who rode the dotcom rollercoaster with Baltimore Technology, quit the FAI last year after a row with other members of the association.
Five years ago Baltimore, which is now a cash shell, was worth almost €7.5 billion. Mr Rooney left the company in late 2001. He will be paid €50,000 a year for chairing Vimio.
Also on the board of Vimio, which develops technology so that mobile phones can broadcast live television, is David McKenna.
Mr McKenna was chief executive and the largest shareholder in the Dublin-quoted Marlborough Recruitment until it went into receivership in 2002.
The company said in a statement yesterday that following the successful completion of its admission to AIM, it plans to establish a number of “network operations centres in key geographical regions” and expand its customer base, which include Vodafone-MTC in Bahrain.
