Dublin-based technology company ServiceFrame has secured €950,000 in funding for its future growth plans.

€450,000 of the funds come from the Bank of Ireland Seed and Early Stage Fund with the remainder provided by Enterprise Ireland and members of the executive team.

ServiceFrame's technology enables companies around the world to effectively evaluate, manage and govern their strategic outsourcing environments. Its clients include Ericsson, Royal Sun Alliance and Warner Music.

The company will use the funds to drive further growth in the UK and US markets and expects to hire new sales and technical staff over the next six months to support its growth plans.