Cork's Spearline founders to get windfall after sale to US firm Cyara

The financial details of the acquisition were not disclosed at the time but new documents have emerged that indicate how good the deal was for shareholders. 

Spearline CEO and co-founder Kevin Buckley is one of the main beneficiaries of the windfall.

New filings have revealed the scale of the windfall for shareholders in the Skibbereen-based tech company Spearline after it was recently acquired by the Silicon Valley firm Cyara.

A declaration of solvency showed that the parent company of Spearline, Haven Sunrise Holdings, has assets of €2.4m, and liabilities of €20,237.