Irish sovereign fund invests in online sales platform

first_imgIreland’s sovereign development fund has joined a $50m (€46.9m) equity raise by sales platform InsideSales.com, which will see the creation of 120 jobs in the country.In addition to funding from the €8.1bn Ireland Strategic Investment Fund (ISIF), the website also attracted support from Microsoft and existing venture capital investors as part of the latest round of fundraising, which brings its total capital to $250m.In a statement, InsideSales said its long-term goal was to create a centre of excellence for artificial intelligence (AI) and machine learning in Ireland, with plans to hire 120 staff across product development, engineering and sales once a suitable location for the office is decided on.Eugene O’Callaghan, the ISIF’s director, said the fund was pleased to welcome InsideSales to Ireland’s “flourishing” technology community. O’Callaghan added: “This investment is well aligned with the ISIF’s mandate, with the key benefits to the Irish economy being the targeted creation of more than 120 high-quality jobs over the next three years.”InsideSales.com’s chief executive Dave Elkington underlined the firm’s commitment to opening an office in Ireland, stressing that the AI technology at the heart of the sales platform would be unique among Ireland’s technology companies.“We’re not only looking to hire some of Ireland’s best and brightest technology graduates,” said Elkington, “but also to help build a new, highly skilled industry in the region.”The creation of jobs is but one of the metrics employed by the ISIF to measure how successfully its investments are at stimulating Irish economic growth.In an upcoming issue of IPE, O’Callaghan said the fund had recently begun expanding its impact metrics beyond measuring job creation to be “a bit more verbal, a bit more qualitative, a bit more case-study driven”.Its most recent economic impact report, covering the six months to June 2016, estimated that nearly 19,000 jobs had been created through the ISIF’s activities but also that the jobs created paid employees €657m in wages last year.For more on the ISIF’s investment strategy, see our interview with Eugene O’Callaghan in the February issue of IPElast_img read more

Carla tops it up to four

first_imgCarla Bianca completed a four-timer with a hard-fought triumph in the Xtravision & HMV Supporting Irish Autism Action Dance Design Fillies Stakes at the Curragh. Weld said: “That’s four now back-to-back for this filly. She was slow in the spring to get going, but has progressed with every run and it was a nice performance today. “The Blandford is a possibility for her and the faster the ground, the better for her. “I thought nine furlongs was her correct trip, but the way she came home today pleased me most of all because she has a lot of pace. I liked the way she came home in the last half-furlong.” Sretaw ended a remarkable run of six seconds in terrific style by taking the 21-runner Irish Stallion Farms EBF Irish Cambridgeshire. There were lots in with a chance as things changed rapidly in the final furlong in what proved a rough finish, but Wayne Lordan galvanised Gavin Cromwell’s five-year-old (11-1) to land the premier handicap with a strong burst down the outside. Vastonea (16-1) was half a length away in second with the 4-1 favourite Hasanour third and Maggie Dalton (25-1) fourth, while Warbird was the principal sufferer in scrimmaging down the centre of the track. “We were very hopeful. She’s been second six times in a row and deserved this,” said owner Eamon Waters. “She’s been running to her handicap mark all the time and kept going up, but in fairness to her she kept improving. “I bred her and bought the mare for small money. It’s nearly like a dream and I’m afraid I’ll wake up. She’s entered at Leopardstown on September 14 but it’s up to Gavin where she goes.” Press Associationcenter_img The Dermot Weld-trained filly, wearing the Moyglare Stud colours carried to victory by Dance Design in the 1996 Irish Oaks, continued her progression to land Group Three honours over nine furlongs. Alive Alive Oh led two furlongs out travelling sweetly, but the 5-4 favourite dug deep under Pat Smullen to assert in the closing stages, and then held Pearl Of Africa by a length. last_img read more

Betfred expands staff compliance training with SMP eGaming

first_img Betfred extends World Snooker Championship deal until 2022 August 17, 2020 Submit Related Articles Share Share Betfred has revealed that it will strengthen its staff and operational compliance training programmes with Isle of Man consultancy SMP eGaming.Updating stakeholders, the Manchester bookmaker is set to launch a ‘Compliance Academy’, developed by SMP eGaming, an industry consultancy specialising in multi-jurisdictional compliance, AML frameworks and fraud prevention.Developing the Compliance Academy, SMP eGaming details that Betfred staff will be taught under a ‘Continued-Professional-Development – CDP’ certified framework,Furthermore, Betfred’s executive management team will be able to utilise the programme as a knowledge centre and document repository for the bookmaker’s policy and operational procedure development.Confirming the training partnership with SMP eGaming, Adele Farrell, Director of Digital Compliance at Betfred, detailed:“The platform provided by SMP Compliance Academy provides a powerful tool and voice, not only to deliver the obligatory training and company policy and procedures that Betfred requires, but also to instil a positive and responsible compliance culture.“The platform allows us to apply a risk-based approach to our training via the powerful analytical tools, which can be used to identify any training deficiencies within the business.“We are committed to the ongoing training of our staff, ensuring they have the latest relevant knowledge and skills, and the SMP Compliance Academy meets all our requirements perfectly.” StumbleUpon Betfred counters Oppenheimer bid in race to rescue Phumelela August 26, 2020 Betfred boosts US racing coverage with XB Net deal renewal August 10, 2020last_img read more