PutPlace secures funding round and strengthens Board
PutPlace secures funding round and strengthens Board
Successful PutPlace funding round led by EI and private investors; Michael O’Callaghan appointed as Chairman; Pat Lynch joins Board and Katherine Lucey joins as COO
DUBLIN, IRELAND; Friday, 4th April 2008 - PutPlace, provider of automated, real-time back-up, publishing and sharing services for digital data, today announced the successful conclusion of a funding round and the strengthening of its board. Industry veterans Pat Lynch and Michael O’Callaghan join existing board members Joe Drumgoole (founder) and Brian Caulfield. The funding round was a co-investment between existing and new investors and Enterprise Ireland.
Joe Drumgoole, CEO PutPlace, stated “PutPlace is a response to a pain point experienced by most consumers in trying to manage their expanding digital content. Whether the issue is multiple devices, changing devices over time, or unforeseen data loss, consumers can now relax in the knowledge that their selected content is easily and automatically backed-up and managed. This funding round will be used to commercialise this exciting market opportunity. I am delighted to welcome Pat Lynch and Mike O’Callaghan to our board”.
Michael O’Callaghan, newly appointed Chairman, stated “PutPlace’s usability and functionality immediately impressed me. This is a real solution to a real consumer problem. I look forward to working with PutPlace to fulfill the company’s obvious potential”.
Brian Caulfield, IT entrepreneur and venture capital investor, welcomed the funding round: “I have been involved with PutPlace since its inception. The concept of managing all data across a lifetime of devices and technologies is hugely compelling. The PutPlace team has taken a complicated idea and made it simple and usable – they are now in a strong position to accelerate service roll out and capture the market”.
Pat Lynch, who joins the board, said “I am delighted to bring a group of investors to PutPlace. The company is an excellent example of Irish software talent and I believe that PutPlace’s strong product vision has the potential for significant market traction”.
PutPlace is also pleased to announce that Katherine Lucey has joined the management team as COO. “Katherine brings a wealth of experience in software marketing and management. Her skills will greatly enhance our ability to move quickly to secure a lead position in this dynamic market”, stated Joe Drumgoole, CEO PutPlace.
About PutPlace
Established in January 2006, PutPlace is a simple, rules-based, set-and-forget Digital Butler. Born to handle digital content at home at work and on the web, PutPlace works in the background to organize, back-up and share content exactly as the user specifies. PutPlace connects content across a lifetime of devices and web-sites and enables users to easily secure, organize and share it. By operating in real-time, PutPlace creates instant back-up of valuable content full remote access. PutPlace is a subscription-based service in private beta, with full launch planned for early spring. The company is based in at the Digital Hub in Dublin, Ireland.
Joe Drumgoole (CEO)
Joe Drumgoole is the founder of PutPlace.com. A Computer Science graduate of Trinity College, He previously headed up Engineering organisations at CR2, Cape Clear and Oracle and brings over twenty years of product development experience to the table at PutPlace.
Mike O’Callaghan (Chairman)
Michael O’Callaghan is COO at Babelgum, where he is responsible for the company’s business operations as well as infrastructure and network operations. Before joining Babelgum, Michael was Vice President and General Manager of Oracle’s European Development Centre in Dublin and Chairman of Oracle’s main operating company in Europe. Prior to Oracle, Michael established and led Microsoft’s European Product Development Centre in Ireland and in total has over twenty five years industry experience in indigenous and multi-national companies. Michael holds a B.E. from University College Cork.
Brian Caulfield (Board Member)
2007 recipient of the Irish Software Association “Technology Person of the Year”, Brian is a Computer Engineering graduate from Trinity College Dublin. In 1992 Brian co-founded Exceptis Technologies where he was CEO and CTO. Exceptis developed dispute management software for the electronic card payments sector that was sold to blue-chip banking customers in Europe, the United States and Asia. Exceptis was sold to Trintech Group (NASDAQ: TTPA) in November 2000. Brian has co-founded two other venture capital backed software start-ups, Similarity Systems and Prediction Dynamics. More recently, Brian has worked with Trinity Venture Capital, representing them on the boards of AePONA and SteelTrace.
Pat Lynch (Board Member)
Pat founded Microtech Cleanroom Services in 1998 having previously worked in senior financial roles with US multinationals Seagate Technology and Summit Technology. Pat is a serial investor in high-potential technology start-ups and has significant experience in bringing companies to scale.
Katherine Lucey (Management Team)
Katherine has a strong track record in international software marketing. Most recently, she led the execution of an aggressive marketing plan for SteelTrace that resulted in a doubling of revenues, quarter-on-quarter. SteelTrace was sold to Compuware in 2006. She previously worked with Openet Telecom and the Irish Software Association.
April 9th, 2008 at 11:02 am
Hi Joe,
Well done on the funding, it is good news in todays climate and a vote of confidence in the business. You must be delighted/relieved!! I may be over soon so will let you know as I would love to catch up.
Love to Anne
Nick McKenna