Trinity Commerce, the e-business company 51 per cent owned by Eircom, has announced a change of name and plans to take a listing on the US Nasdaq by early 2001.
The company, which will now trade as Ebeon (derived from a combination of "e-business" and "eon"), says it will invest $10 million (€10.2 million) in the coming year as part of a global expansion plan.
Announcing details of Ebeon's growth strategy, chief executive Mr Bill Donoghue said the company recently received a valuation of $120 million from auditors, BDO Simpson Xavier. He could not say how much the company hoped to raise through the public offering.
Ebeon will appoint corporate advisers for the flotation shortly.
Last June, Eircom paid £10 million (€12.7 million) for its stake in the company. The company expects to record revenues of $5 million for the year to the end of March, a figure Mr Donoghue said was ahead of expectations.
In the last year Ebeon has tripled its staff in Ireland to more than 100 employees, and its London office, in Canary Wharf, now employs 30 people.
Ebeon plans to open a New York office in April and, from May, chief technology officer Mr Garret Conaty will operate from Ebeon's office in Silicon Valley.
