ACT takes €10m stake in software specialist

VENTURE capital firm ACT has splashed out €10 million to take a stake in Dublin-based Silicon & Software Systems (S3), a specialist in advanced software for use in microchips and mobile phones.

ACT takes €10m stake in software specialist
Thu, 22 Dec, 2005 - 00:00
David Clerkin

The company, which was previously majority-owned by electronics giant Philips, employs over 300 people, with 185 of these in Ireland.

Philips, which is also one of the company’s biggest customers, will retain a strategic shareholding in S3.

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