DELTA Partners, the £23 million venture capital fund, announced yesterday it has paid £300,000 for a 30 per cent stake in the Cork-based software company, Westboro Software.
Westboro is planning a major assault on the US market. It currently employs 25 people and expects its workforce to double during 1997, with most of the expansion taking place in Cork.
The company was established in 1992 to develop quality document management systems, primarily for the FDA-regulated pharmaceutical, medical device and chemical industries, where quality issues are critical.
It already has a number of Fortune 500 companies among its clients.
With the benefit of Delta's investment, it plans to open a US office in 1997 to service its growing US customer base, where the majority of the head offices for the target organisations are located.
Westboro plans to launch an Internet Web-enabled version of its flagship product, QUMAS, next year. At the same time it will target the Japanese and European markets.
QUMAS is a modular-based quality management system which addresses procedural and revision control, non-conformance, corrective analysis and vendor analysis.
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