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Bank of Ireland fund invests £1.1m in DisplayNote

The Bank of Ireland Kernel Capital Growth Fund (NI) has led a £1.1 million investment in Belfast-based DisplayNote Technologies Limited, taking its total investment in the firm to £2 million. Founded

in 2012, DisplayNote has secured multi-million pound contracts with global blue-chip customers including NEC, Dell and Vodafone. The company will use this investment for key hires as it builds upon its international customer base across the US, Europe and Asia.

“This investment will allow us to bring new products to market, invest further in R&D and grow our team as we continue to expand our global OEM and enterprise customer base,” said Paul Brown, CEO of DisplayNote Technologies.

“We recognise the world class innovation within DisplayNote products, enabling people across the globe to collaborate in realtime, simply and effectively,” said Jayne Brady, partner at Kernel Capital.

The Bank of Ireland Kernel Capital Growth Fund (NI) is committed to investing in innovative, export-focused Northern Ireland companies and was designed to help SMEs in Northern Ireland to accelerate their growth. Invest Northern Ireland has committed £15 million of funding to this fund which is part financed by the European Regional Development Fund under the EU Investment for Growth and Jobs Programme 2014-2020.

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