Dublin headquartered digital services group Viatel Technology is to get a new strategic investment from Macquarie Capital Principal Finance to drive its planned continued expansion.
Viatel offers a range of business communications, connectivity, voice, cloud and digital transformation services to clients.
Macquarie Capital will join Chirisa, Quay Ventures and management as a new shareholder in the business.
Today's deal will also see Nick Patrick from Macquarie Capital Principal Finance join the group's board.
Viatel CEO Paul Rellis said that Macquarie Capital has a strong track record and deep knowledge of the tech industry.
"The team and I look forward to continued success in the execution of our vision with our enlarged shareholder group," he added.
Adam Joseph, Head of Private Equity for Macquarie Capital Principal Finance Europe, said the investment will support Viatel with additional and larger-scale capital through its next exciting phase of growth.
"We look forward to bringing our experience developing fast growing digital service providers to the Irish market, and helping the company unlock a wider range of growth opportunities in Ireland and internationally," he added.
