Development Capital invests €6m into Irish firm IP Telecom

Development Capital has injected €100m into Irish SMEs since 2013, including its recent investment into IP Telecom.

IP Telecom CEO Shena Brien

Irish owned telecoms carrier IP Telecom received a €6m investment from fund manager Development Capital to fuel revenue growth.

The cloud-based services firm IP Telecom said the funds will enable annual revenues to grow from €6m to €11m and will enable future acquisitions deals.