Dublin-based technology company Terminalfour says it has secured €1.6m of funding, which will lead to 15 new jobs by 2011.

The investment was led by the Ulster Bank Diageo Venture Fund, managed by NCB Ventures, with investment also provided by the AIB Seed Capital Fund, managed by the Dublin Business Innovation Centre (DBIC). There was also grant aid from Enterprise Ireland.

Terminalfour provides web content management technology to universities, public sector bodies and multinationals. It currently has over 200 customers throughout Ireland, the UK and Europe. It says it now plans to expand beyond Europe and capitalise on growing sales opportunities in North America.