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Sonru complete funding round totaling over €1m to internationalize (Press Release)

Sonru is pleased to announce that it has closed an investment round bringing its total in funding, prizes and grants to over €1,084,000. A high growth company based in Enniscorthy, Sonru raised equity funding of €662,500 from Enterprise Ireland and a number of private investors. Sonru.com, a HPSU client of Enterprise Ireland, will use the funding to further develop its award winning automated video interview tool and to expand its export markets.

L-R: Ed Hendrick Founder, Fergal O'Byrne CEO, Maiken O'Byrne International Sales Manager, Shane Barron Technical Services Engineer, Joy Redmond Marketing & Communications Manager, Chris Horan, CTO

Sonru employs six people in their Headquarters in Enniscorthy and two contractors who work remotely. The company is currently on a recruitment drive.

Commenting on the announcement, Fergal O’ Byrne, CEO of Sonru, said:“this latest funding round is a very significant milestone in the development of Sonru.com, and will facilitate our expansion into the UK, a market we envisage being a key adopter of our technology, providing opportunities for both further product development and increased revenues."

2010 has been something of a golden year for this innovative video technology company having signed a Reseller Agreement with the SaonGroup.com which is now reselling the tool via their job boards in Ireland (Irishjobs.ie, Jobs.ie), Northern Ireland (NIJobs.com), the U.K. (myjobgroup.co.uk) and most recently in India (myJobsinPune.com). Sonru.com have also won a spate of awards including being listed as one of the Top 50 Technology companies in the World in 2010.

Nov 2010       Outstanding Small Business Award Waterford 3 Awards

Nov 2010       Connaught/Leinster Regional Winner Seedcorn Competition

June 2010     New Business of the Year at the Wexford Business Awards

May 2010      Irish Internet Association Net Visionary 'Innovation Award'

Apr 2010       Enterprise Ireland iGap 'Best of Breed'

Mar 2010       Innovate!100 Pitch Slam Dublin

Mar 2010       Bank of Ireland Bright Ideas Challenge Grand Final

Jan 2010       Irish Recruiters Hat Tip Award

ENDS 

For more information:

Visit the Sonru Press Centre or contact Joy Redmond+353 86 8561682

Notes to Editors

About Sonru

Sonru is an award winning video technology company based in the South East of Ireland. The name Sonru stems from the Irish phrase “Bí le sonrú” which means to “stand out” and  their flagship product – the automated video interview tool enables interviewees to do just that. Their automated video interview tool has applications within the Recruitment, Education, Training and CRM sectors. Sonru was founded by Ed Hendrick, a Wexford based entrepreneur who spotted an opportunity to save people time and money during the interview process.

Posted to Press Releases, on December 19 2010.

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