Software buyout lands Dublin firm up to €84m

Banking software firm Eontec Ltd has been sold in one of Ireland's largest-ever software company sales.

Software buyout lands Dublin firm up to €84m
Wed, 21 Apr, 2004 - 10:01

Banking software firm Eontec Ltd has been sold in one of Ireland's largest-ever software company sales.

The Dublin company has been bought by US multinational Siebel Systems for an initial cash amount of $70m (€59.12m) followed by subsequent earnings-based payments of up to $60m (€50.68m).

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