An entrepreneur who is from Northern Ireland had set up a software company that aided the local councils to act efficiently. This entrepreneur is now selling his business for £7.15 million. Tascomi was initially founded in1998 by Richard Martin who is also the majority shareholder of the company. The firm is mainly focused on Hillsborough and is a Co Down – based firm. It employs over 36 people and now Idox is on its way to procure it. It specializes in managing information and providing solutions/services.
Tascomi was considered to be one of the most successful indigenous firms in the north. It is also known to be a privately-owned software company. The firm got further recognition as the “high potential UK tech”.
The firm called Idox will be taking over Tascomi by paying £5.43 million as immediate cash in. But later the firm is said to give away £1.15 million so that it can clear all the debt. Finally, payment of £570,000 will be provided after or within a 7-month time frame.
Idox is a well-known firm that has over 900 people in 11 different countries. It has £73.7 million last year revenue generation last year.