THE Cullinane Group, the Massachusetts based high technology venture capital group run by Irish American businessman Mr John Cullinane, is to begin investing in Irish high technology companies from the beginning of May.
Mr Cullinane said yesterday that the former national software director of Forbairt, Mr Barry Murphy, had joined the group as a partner. "Barry Murphy is highly regarded in the hi tech sector in both the North and the South. He is intimately aware of the best investment opportunities in both parts of Ireland," added Mr Cullianne.
Mr Cullinane also stated that the executive director of the Israeli US Bi national Industrial Research and Development Foundation, Mr Dan Vilenski was interested in the possibility of joint ventures involving Irish, Israeli and American hi tech companies.
"The willingness of the Cull inane Group to invest its resources in this effort is indicative of the potential of Irish hi tech companies in the US, particularly if they are provided the right management support," said Mr Cullinane.
He said that his group would assist Irish companies in product positioning, management advice and also open doors of prospective partners and customers at senior levels.
