Software firm founder set to net €43m from sale

THE founder of a Dublin-based software company could make up to €43 million from the sale of his firm.

James Callan, the 42-year-old chairman of Eontec, is believed to own around 40% of the company, which was sold to American firm Siebel Systems yesterday for €109m.

Eontec, which was set up by Mr Callan a decade ago, develops software for banks and other financial institutions. He remains the largest individual shareholder.