Zapa Technology, a new Irish company set up by former Alphyra chief executive John Nagle has secured €2.5 million in venture capital.
The company, which is due to launch a new customer technology product known as ZapaTag in the coming months, said that Irish Venture capital firm Delta Partners had offered financial backing to enable it to roll-out a number of applications.
Zapa is one of the first companies in Europe to use Near Field Communications (NFC) - a short-range wireless technology - in its products.
Operating at 13.56 MHz and transferring data at up to 424 Kbit/s (kilobits per second), NFC enables communication between electronic devices such as mobile phones.
“We are delighted to be backing Zapa which is at the forefront of NFC applications. This funding will help Zapa roll-out a number of unique applications from customer loyalty schemes to NFC payments and help them secure a leadership position in this market," said Maurice Roche, general partner with Delta Parters.