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Zartis secures €10 Million Investment from Development Capital

Accelerating International Expansion and Expanding AI Practice

We are thrilled to announce a major milestone in the journey of Zartis. We have secured a €10 million investment from Development Capital, a leading Irish-based growth capital firm. This strategic partnership is set to propel us towards our ambitious goals for international growth and the expansion of our team and services.

 

A Perfect Partnership

Development Capital’s investment is more than just about the financial aspect ; it represents a perfect cultural fit for Zartis. We are excited to partner with a firm that shares our values and vision for the future. This collaboration will help us accelerate our international growth strategy, while upholding and enhancing how we operate as an employee-owned company.

Our goal is to more than double our revenues to over €50 million and expand our team to 500 employees by 2028. With Development Capital’s support, we are confident in our ability to achieve these ambitious targets while maintaining the unique company culture and quality-focus that sets Zartis apart.

 

Looking Forward

As we embark on this new chapter, we remain committed to nurturing the company values and culture that have been instrumental in our success. The Zartis business model is based on a strong culture of integrity, diversity, ownership, innovation and high-quality work. Throughout our evolution, employee-ownership has remained a core principle of the business, which is majority owned by Zartisians. 

With the support of our new partners, we will continue to grow employee ownership at Zartis, while creating more value for our team, shareholders, clients, and partners alike.

Our team, led by Padraig Coffey (CEO), Angel Benito (CTO), Laura Sanchez Puente (COO), Albena Krasteva (CRO), and Richard Dineen (CFO), is more motivated than ever to drive Zartis forward.

We believe that this partnership with Development Capital will not only help us achieve our growth targets but also allow us to amplify our existing efforts in becoming market leaders in the field of Artificial Intelligence services. Together, we are poised to make significant strides in the technology services industry and deliver even greater value to our clients.

Stay tuned for more updates as we set on this exciting new chapter. Thank you for your continued support and belief in Zartis.

Onward and upward!

Team Zartis

 

Read more about it on: https://www.independent.ie/business/irish/development-capital-invests-10m-in-cork-firm-zartis/a49677995.html

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