Cubic Telecom, the Dublin-based telecoms software firm, has announced a €23.5m investment loan from the European Investment Bank. Cubic Telecom, the Dublin-based telecoms software firm, has announced a €23.5m investment loan from the European Investment Bank. The loan can either be converted into equity or paid back in full, said chief executive and founder Barry Napier. Existing Investors in the group include Audi Electronics Venture, Qualcomm, Valid, Enterprise Ireland and the Ireland Strategic Investment Fund. It has also formed a close working relationship with Microsoft and recently announced a ‘cloud to chip’ solution.

Source: Irish Independent July 18, 2019 11:26 UTC