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Press Release

30 Apr 2018

Press Release

AMCS secures significant investment and will open new headquarters in Ireland

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AMCS secures significant investment from Insight Venture partners and Ireland Strategic Investment Fund

Investment will power the next phase of AMCS’ international growth and the expansion of its SaaS Platform for the resource management, waste collection and recycling industries and to open a new global headquarters in Ireland creating 100 new jobs.

LIMERICK, IRELAND - AMCS, the world’s leading supplier of integrated software and vehicle technology for the resource management, waste collection and recycling industry, today announced the completion of a significant investment from Insight Venture Partners and Ireland Strategic Investment Fund (ISIF).

The investment will be used for continued product innovation in AMCS’ suite of SaaS products and related technologies, to further accelerate the Company’s growth in North America, Europe and Australasia, and to expand AMCS’ SaaS Platform into adjacent vertical markets.

"Today’s announcement represents a major milestone for AMCS," said Jimmy Martin, CEO and founder of AMCS. "In addition to providing capital that will enable us to continue to grow and innovate for our customers, this further investment by two of our long-term strategic partners demonstrates their confidence in our business, strategy and team. This confidence is reflected in our plans to further roll out the most comprehensive cloud-based SaaS platform for the resource management, waste collection and recycling markets."

Under the terms of the funding, Euan Menzies, Senior Advisor at Insight Venture Partners, Henry Frankievich, Vice President at Insight Venture Partners, and Robert Schnittger, Investment Director at ISIF will serve on the AMCS Board as non-executive directors.

 

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