Cork, Ireland based financial services startup Global Shares has received €4.5m in Venture Funding led by technology guru Pearse Mee. Global shares mainly develops software used by companies to manage their employee's equity plans.
Global Shares was founded in 2005. The founder and former ceo of IFG, Richard Hayes, later led an investment group that took a significant interest in the Cork firm. He is now chairman of Global Shares, whose ceo is Tim Houstoun. It works with more than 150 firms, and its clients include well-known public and private companies such as UniCredit, Living Social, the world's biggest private company - US-based Cargill, and Brazilian brewing giant Ambev. It has also worked with vulture funds Oaktree and Apollo.