Altamedius taken over by US company Qpass

SOFTWARE company Altamedius, formerly called Artic Web, has been acquired by American company Qpass for an undisclosed sum.

Altamedius develops software to process electronic payments and is based in Dublin. The company employs about 25 people.

Altamedius was ranked fourth in the Deloitte & Touche Technology Fast 50 programme for the second year running in 2003 with its revenues growing more than 900%.