A multinational firm with its European headquarters in Cork has been acquired by an American company for €36m.

In a digital world which is becoming increasingly dependent on mobile phones and tablets, Cork company Inhance Technology is experiencing a surge in demand for technology which protects these devices from thieves.

A Cork company, which is the world leader in the development of enterprise governance, risk and compliance solutions has invested a further €4.4m in Cork.

QUMAS, the Cork-based compliance-related software manufacturer is to change its management structure as it aims to increase its business presence in key international markets.

Qumas is to invest €4.4 million in R&D, creating a significant number of top quality jobs in the process.