TIDMPIRI
Pires Investments PLC
30 June 2021
30 June 2021
Pires Investments plc
("Pires" or the "Company")
CameraMatics founder honoured by Enterprise Ireland
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, is pleased to provide an
update on its investment in CameraMatics, the leading IoT fleet and
vehicle safety technology specialist, which Pires is invested in
through its circa 20% investment in Sure Valley Ventures
("SVV").
CameraMatics founder Mervyn O'Callaghan has been awarded the
HPSU Founder of the Year Award for 2021 by Enterprise Ireland,
during a virtual ceremony held on 24 June 2021. O'Callaghan, who
founded CameraMatics with Simon Murray in 2016 and holds the role
of Chief Executive Officer, was crowned the winner from a dozen
founders of high-potential start-ups (HPSUs), all nominated by
their peers.
The award represents the culmination of the HPSU Founders Forum.
This programme, run by Enterprise Ireland and business advisers
Select Strategies and sponsored by Grant Thornton Ireland, gives
founders of high-potential start-ups a place to connect with one
another, building a network of support and shared experience.
CameraMatics provides SaaS (Software as a Service) technology
for fleet and driver risk management. Its SaaS-based full-stack
platform is a modular software platform based on Camera Technology,
Vision Systems, AI, Machine Learning and Telematics, combined with
Fleet Safety modules, that help fleet operators to drive new safety
standards across their fleet and drivers.
In January 2021, CameraMatics raised EUR4 million in a Series A
funding round from a consortium of investors. The company stated
that funding would be used to support the expansion of its US
branch, drive its entry into mainland Europe and the Middle East
and for further product and software development.
Pires has a circa 20% interest in SVV, a venture capital fund
focused on investing in the software technology sector with a
specific focus on Artificial Intelligence, the Internet of Things
and Immersive Technologies.
Peter Redmond, Chairman of Pires commented:
"We would like to congratulate Mervyn on this tremendous
achievement. This hotly contested award, run through the HPSU
Founders Forum, recognises the hard work and progress made to date
by founders of high-potential start-ups. Since launching in Ireland
in 2016, CameraMatics has grown steadily, as noted by the Series A
funding round completed in January 2021, and it is thanks to
Mervyn's efforts that this has been possible.
"We look forward to following the company's progress,
particularly with regards to its expansion of its US branch and
push into mainland Europe and the Middle East, in due course."
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Peter Redmond, Chairman
Nicholas Lee, Director
Joint Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
Joint Broker
Tennyson Securities Tel: +44 (0) 20 3167 7221
Peter Krens
Financial media and PR
Yellow Jersey Tel: +44 (0) 20 3004 9512
Sarah Hollins
Henry Wilkinson
Annabelle Wills
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company
providing investors with access to a portfolio of next generation
technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence, Internet
of Things, Cyber Security, Machine Learning, Immersive Technologies
and Big Data, which the Board believes demonstrate evidence of
traction and the potential for exponential growth, due to
increasing global demand for development in these sectors.
For further information, visit: https://piresinvestments.com/
.
About CameraMatics
CameraMatics is a disruptive technology for Fleet and Driver
Risk Management. The CameraMatics SaaS-based full-stack platform is
a modular software platform based on Camera Technology, Vision
Systems, AI, Machine Learning and Telematics, combined with Fleet
Safety modules that help fleet operators to drive new safety
standards across their fleet and drivers.
By reducing accidents, improving operational efficiencies,
managing compliance, it gives complete visibility and peace of mind
for today's challenges in fleet operations. CameraMatics is based
in Dublin and Waterford (Ireland), London (UK), Richmond VA (USA)
and has recently made an entry into the market in mainland
Europe.
Further details about CameraMatics can be found at
https://www.cameramatics.com/ .
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