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Irish venture capital tech funds could dry up
Irish tech firms seem to be attracting healthy interest from venture capitalists and investors. In the six months to June 2011 Irish technology companies raised €161.9m from investors. This is an increase of 58% on the same period last year, according to the Irish Venture Capital Association (IVCA) VenturePulse survey just published. Maurice Roche, chairman...
Top of the pile – easy as ABC for Done Deal
The Audit Bureau of Circulations has come out with figures widely trumpeted by the web-site DoneDeal.ie. The figures put them as the number one motor site in Ireland. The audit was carried out for the period March 1 to March 31, 2011 and appears to be the most recent data available. This now places the site...
Facebook’s earnings double in first half of 2011
Facebook appears unstoppable at the moment. According to a new report from Reuters, the social network’s revenue for the first half of 2011 stands at $1.6 billion – double what it earned in the first half of 2010. While Facebook does not disclose its financial results, an insider told a Reuters reporter that Facebook’s net...
Doing it for the ‘lulz’ – Cisco’s cyber attack report
We were sent the latest Cisco Quarterly Threat Report (2Q11). The first half of 2011 witnessed a seemingly nonstop array of data breaches against companies, big and small. In some of those cases, the attackers claimed the motive was to shed light on security issues. But in other cases of stolen and published customer data,...
What we searched for … Irish Web intrigues of Summer 2011
“Looking back over the last few months using Google’s handy Insights for Search tool reveals it’s been a summer of search for celebrity gossip, sporting moments and Google+” reveals Celine Crawford of MKC communications. “Without a doubt Google searches so far have been dominated by celebrity gossip and deaths. Over April, May and June the...
Ireland must capitalise from the digital planet
Once again we receive another report saying Ireland is not embracing and not capitalising on the economic and social opportunities presented by the internet. The annual report (for 2010) of the Digital Hub Development Agency (DHDA) also highlights the potential cost savings, time efficiencies and service improvements that could be delivered by public and private...
Senior Irish marketers ‘tentatively optimistic’
Senior marketers in Ireland (those that spend money) believe that 2013 is the year to watch with significant growth returning again at that time with 2012 providing a solid foundation for future expansion. The general feeling for 2011 is that while difficult, it is definitely showing signs of improvement. The latest bi-annual Alternatives Marketing Watch...
Cybercriminals perfecting targeted attacks
Cyber criminals are changing tact, abandoning traditional mass spam attacks, and launching personalised attacks with a greater financial impact on targeted organisations. A new security reports by Cisco shows: • Returns from mass email-based attacks declined by more than 50 percent from US$1.1 billion in June 2010 to $500 million in June 2011. • Mass...
Android phones more open to hackers and malicious apps
Norton, the web security firm, has revealed the year’s biggest mobile security threats, including a fake app that punished illegal downloads. The threats to mobile phones through dangerous mobile applications have increased substantially over the past year. Google’s Android phones are less resistant to most key security threats, and mobile devices have better built-in security...
Outsourcing will continue to soar in IT sector
The IT outsourcing sector will boom in the years to come as companies continue to axe in-house IT professionals due to economic constraints and the flexibility and cost savings associated with outsourcing. A new report by Professor Joe Peppard of Cranfield School of Management, which was commissioned by Irish owned, I.T. Alliance, says: “The steady...
Groupon and foursquare deal makes sense
Location-based coupons are new, but in theory are as old as the hills. A prospective deal between Groupon’s ‘Now’ deals and social network foursquare makes perfect sense. The great irony of the Digital Age is that the more technologically ‘social’ we become, the traditional ways of doing business come to the fore. The more immersed...
Irish online ad spend worth €110m
IAB Ireland and PwC have valued the Irish online advertising market at €110m up from €97m in 2009. This shows a year-on-year growth rate of 13.5%. All the online advertising formats studied saw increases. Display spend, grew from 26.6% in 2009 to 31% in 2010 while classified ads and paid-search ads now represent 25% and...
