21 February, 2012
ViClarity clears the path ahead with an investment of €400,000
21 February 2012 – ViClarity (formerly YouComply) has secured a substantial investment of €400,000 through CorkBIC Business Angel Partnership and Enterprise Ireland. ViClarity, based in the Kerry Technology Park, Tralee and founded in 2008, will use the investment to boost sales and marketing for their products as well as growing their staff over the next two years.
ViClarity, who recently rebranded themselves from YouComply, is a performance management and compliance company that delivers a very unique service to track and monitor performance in an organisation. Their automated system collects and verifies performance/compliance data and enables managers to view performance in real time from a single dashboard. ViClarity provides pre-configured solutions across the Healthcare, Retail Management, Risk Management, Enterprise Development and Health & Safety industry sectors.
Making the announcement, Ogie Sheehy, CEO and founder of ViClarity, said: “This investment enables us to target key markets in Ireland, the UK and further afield as well as creating more jobs. We are extremely excited about the future of ViClarity and very thankful for the assistance that we have received from Neil Gordon in CorkBIC and Aidan O’Driscoll from the Business Angel Partnership, who were very instrumental in orchestrating this investment. Our participation in the Entrepreneur Experience organised by CorkBIC was a turning point for us and the advice and coaching we received there will stand to us for many years to come. Likewise, we greatly appreciate the support and encouragement we have received from Enterprise Ireland”.
Pictured is Ogie Sheehy, ViClarity; Jerry Moloney, Enterprise Ireland and Neil Gordon CorkBIC
Commenting on the announcement, Jerry Moloney, Regional Director, Enterprise Ireland said: “ViClarity is an exciting young company based in Tralee with great market potential. ViClarity has worked hard on developing their business since its inception, they achieved Enterprise Ireland HPSU status in 2011 leading to a funding and investment package. While ViClarity already has an impressive client list this investment will enable them to extend their reach in Ireland and develop new export markets. ViClarity was recently shortlisted in Munster for the Ulster Bank Achiever Awards for 2011 and was also Regional Finalist in the Intertrade Ireland Seedcorn Competition in 2010”.
Leading companies such as Boston Scientific, RTE, The Barry Group, Dublin City University – The Ryan Academy and Allianz use ViClarity to manage performance and compliance aspects of their businesses. Most recently ViClarity closed one of their most significant contracts yet with one of the biggest healthcare providers in the UK, MHA. This large scale opportunity paves the way for ViClarity to become the preferred compliance management suppliers to the Healthcare industry both in Ireland and the UK.
ViClarity was established in 2008 to deliver class leading Strategic Performance Management and Compliance software. The business has grown rapidly and secured Boston Scientific as its first corporate customer. Since then ViClarity has built a customer base of leading international businesses and delivered solutions in Corporate Performance Management, Compliance, Contractor Management, Educational Programme Management and Stakeholder Visibility and a host of other performance applications. Founder Ogie Sheehy and ViClarity have received many enterprise awards and accolades during the growth of the business and secured both private and Enterprise Ireland support to drive the growth of the business in international markets. Sheehy comments ‘there is no secret to our success. Besides having the best Strategic Performance Management software available today, we have a great team of experienced people and rapidly growing partner network. It’s all about the people, and we are partnering with the best’.