Page 4 - Gray Coyle News Today

Cork tech company Everseen, which is backed by several high profile Irish business figures, is suing Walmart in the US, alleging the retail giant stole its technology to build a competing product. Everseen develops technology using artificial intelligence to improve efficiencies at self-service checkouts, such as spotting irregularities like items not scanning. The company, which is valued at over €100mm sells the technology, called ‘checkout process intelligence’ (CPI), to retailers as a...

Ray Coyle, the Tayto owner Power Capital Renewable Energy, the solar energy company being acquired by a French infrastructure fund, has delivered a shining return for Tom Kennedy, the Hostelworld founder and Ray Coyle, the Tayto owner, details of the deal show. The company is being bought by Paris-based Omnes Capital for an initial consideration of around €15 million plus a potential future earn-out, a source with knowledge of the deal said. Other beneficiaries include Dalkey financier Barry...