Dublin-based point-of-sale and online transaction technology provider, Escher Group, is set to be sold to one of its chief shareholders in a £35.3m (€40.4m) deal.

Escher Group — the Irish-American software solutions provider — has said that its revenues for the first half of 2015 should come in at around $11.85 million (€10.9m), representing a year-on-year increase of 7%.