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Rococo announces new funding 
Tuesday, January 08 2002
by Matthew Clark


Irish company Rococo Software officially announced on Tuesday that it had secured
new funding from Enterprise Ireland totalling more than EUR950,000. 

Last summer, Rococo raised EUR3.2 million from Trinity Venture Capital and
Tuesday's new investment from Enterprise Ireland brings the company's total
funding for the year to EUR4.1 million. 



The company said it would use the new cash injection to bring Rococo's product
line to market. The firm, which develops wireless software for use in bluetooth
networks, has two main products, the Impronto Simulator and the Impronto
Developer Kit, which will be officially launched in March of this year. In terms
of customers, the firm targets java developers, corporates building mobile
workforce solutions, independent software vendors providing Bluetooth
applications as well as equipment manufacturers providing Java Bluetooth
solutions on their devices. 



Until now Rococo has achieved its revenues through consultancy work with clients
such as AIB and the Halifax in the UK. In fact, the company is thought to already
be profitable. Rococo was established in 2000 by three former senior executives
at Iona Technologies and a report in the Sunday Business Post from November
estimates the business to be worth around EUR19 million. In fact, that report
also said that in the first 10 months of 2000, the business had revenues of
around USD1.1 million. 



Rococo is also a member of the JSR-82 Expert Group and is an associate member of
the Bluetooth SIG. Both groups are developing standards for Bluetooth and Java.
"We have the advantage of understanding the evolution and rationale of these
technologies, which allows us to get our product to market more quickly than
companies who do not participate in the process," said founder and chief
executive officer, Sean O'Sullivan.



Moreover, the company was voted one of the top ten technology start-ups in Europe
by the Infoconomist magazine in the US in late 2001. 



Rococo currently employs around 20 and a spokesperson for the company told
ElectricNews.Net that the business expects to boost staff levels over the next
few months. Apart from O'Sullivan, Karl McCabe and Ross O'Crowley helped to found
the business. 

 

Rococo can be found on-line at HREF="http://www.rococosoft.com">http://www.rococosoft.com