Zamano Planning Further Acquisitions

Irish company Zamano is planning more acquisitions, after closing on Eirborne Text Promotions a couple of weeks ago. “The reason we raised cash on the IEX stock market in Dublin was to have the currency to use, and acquisition is the key element to the growth we foresee,” Zamano chief executive John O’Shea told Silicon Republic — Zamano raised 6 million euros (US$8.16 millin) in November last year. The company is also focusing on research and development, with 18 of its 38 employees doing that. It recorded a profit of 2 million on its 2006 revenues of 13.5 million euros (US$18.35 million).

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