Eontec announces $25m fundraising

Eontec, a provider of multi-channel banking software solutions, has secured US $25m equity investment.

The financing was led by Warburg Pincus, and also included ICC Venture Capital, amongst other existing Eontec shareholders.

This is the second round of funding undertaken by the company since it was set up in 1994.

The company says that it will use the funding to develop its client support infrastructure and professional services team.

The investment will also support additional market and sales expenditure aimed at acquiring and retaining customers.

Eontec's BankFrame is the a global enterprise banking platform designed to enable banks to achieve a consolidated view of any customer across all service delivery channels.

Eontec, based in Dublin, currently employs 300 people worldwide with offices and development centres in Ireland, the US, Canada, Germany, the UK and India.