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Thursday, 25 April 2013 09:49

Intel looks at buying Irish company

Written by Nick Farrell



Secret buyer outted

Intel has been revealed as the secret bidder involved in negotiations to buy Northern Ireland’s top IT outfit.

Back in March Intel dismissed rumours that it had swooped for Aepona, which specialises in cloud-based telecom network solutions. But today it seems that Intel really was involved in one of the largest technology deals ever seen in Ireland.

Co-founded by Dublin entrepreneur Gilbert Little, Aepona recently leased the second floor of the new £15m tower block The Soloist at Lanyon Place on Belfast's waterfront. It hires employing around 70 people but has raised tens of millions of dollars in financial backing over the past ten years from funders including Canada's Blackberry telecoms group and German software giant which no one is sure what it does SAP.

Aepona generated revenue of $39.2m (£25.7m) in 2011 and made a $1.2m (£790,000) operating profit.

Nick Farrell

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