Kernel Capital backs MPSTOR
The Bank of Ireland Kernel Capital Fund has invested €700,000 in data storage specialist MPSTOR Ltd.
Previously, MPSTOR received £1.3m of seed funding from Kernel.
Company
Cork-based MPSTOR Ltd was founded in 2006 and is a designer and supplier of data storage management and cloud service solutions. The company has sold more than 1,000 licenses of its recently launched software product MPStackwareTM. Currently the firm employs 14 people.
People
Niall Olden from Kernel managed the investment.
Advisers
Equity – JW O' Donovan Solicitors, Gillian Keating (Legal).
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