Firm makes profit come falling from the cloud

After one year in operation, the Hauste Group, based in the Cork Airport Business Park, has seen its cloud-based business solutions rewarded with a turnover of €1m and profits of nearly €500,000, writes Trish Dromey

Set up to take advantage of the ever expanding demand for cloud-based business solutions, the Hauste Group in Cork has, after its first year in business announced profits of €428,000 on a turnover of €1.22m.

In early 2011, the company started out by targeting the retail sector in the UK with a cloud-based solution which allows orders and invoices to be processed electronically. “Since then, we have processed 7m transactions with an invoice value of €800m,” says Hauste founder and chief executive Tony Duggan.