Mobile technology company Accuris Networks is to double its workforce at its headquarters in D’Olier St in Dublin’s city centre from 30 to 60 following the completion of a US$15m equity funding round.
In addition, it has announced the appointment of US-based industry veteran executive Jeff Brown as CEO.
Under his leadership, Accuris Networks will broaden its presence in the North American market with the establishment of a new Silicon Valley office.
The company already has two offices in the US, in California and Boston, as well as offices in Malaysia, Brazil and Tokyo.
“With marquee customers and partners such as AT&T, Bell Mobility, Telus, GoGo, Cisco, HP and Alcatel-Lucent, Accuris Networks has already established an enviable track record in the North American market,” said Brown. “But we’ve barely scratched the surface of the opportunities here so far.”
Key new investors following the funding round are the Ulster Bank Diageo Venture Fund and the China Ireland Growth Technology Fund.
“Our established industry customer base, our significant pipeline and our industry-leading technology were all factors that attracted this investment,” said Accuris Networks chairman Larry Quinn.
“We intend to use this funding to invest in future product development, to maintain our lead in connecting networks and build more solutions such as carrier-grade Wi-Fi offload and roaming as we scale our business globally.
“While we already have customers worldwide, and support from existing investors such as Atlantic Bridge Capital, we particularly want to expand in China, Japan and other Asian markets. We also intend to consolidate and amplify our successes in EMEA, particularly in the Middle East and Western Europe.”