Luxembourg-founded Company XINTEC has secured an investment of €900,000.
The company set up by Irish entrepreneur Sean Killeen in 2007 is a provider of fraud management and revenue optimisation solutions to telecom operators worldwide.
The investment comprises of a €350,000 investment from Kernel Capital, through the Bank of Ireland Seed Fund, with the remainder of funds provided by Enterprise Ireland, and private BES investors.
XINTEC re-located to Ireland in 2011 with the support of Enterprise Ireland under their programme to attract entrepreneurs to Ireland.
The company employs 8 people in Dublin at present and is planning to create 15 jobs within the next 12 - 18 months.
In a statement, XINTEC said "it will use the investment to drive further growth in international markets and plans to expand its staff of 8 with the recruitment of technical and marketing resources over the next twelve months to support these growth plans."
