Staff at Irish computer chipmaker Decawave are expected to share a $60 million (€54.4 million) payout following the sale of the company to US-based Apple supplier Qorvo earlier this week for $400 million (€361 million). The acquisition is believed to be one of the largest – if not the largest – exit by an Irish technology company to date. This includes Atlantic Bridge, which led a $30 million (€27 million) funding round for Decawave in 2018. Mr Coon, who is now chief executive of Impossible Ventures, invested over €10 million in Decawave in 2013. Win-winSpeaking to The Irish Times, Mr Connell described the acquisition as a win-win for everyone involved.

Source: The Irish Times January 31, 2020 12:00 UTC