30 Apr 2018
Investec Ventures Congratulates AMCS on Securing a Significant Investment
Investec Ventures a Founding Shareholder in AMCS Congratulates the Company on Securing a Significant Investment from Insight Venture Partners and the Ireland Strategic Investment Fund. Investment will power the next phase of AMCS’ international growth and expansion of its SaaS Platform for the resource management, waste collection and recycling Industries.
AMCS, the world’s leading supplier of integrated software and vehicle technology for the resource management, waste collection and recycling industry, today announced in Limerick 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.
Jimmy Martin, CEO and founder of AMCS, commented:
“Today’s announcement represents a major milestone for 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.”
The investment comes as AMCS closed out a record 2017. AMCS experienced more than 50% growth in the adoption of its SaaS solutions by the world’s most successful vendors in waste collection and recycling, and announced the completion of its acquisition of Brady Recycling Solutions. To accommodate AMCS’s rapid growth, the Company will be opening a new global headquarters at City East Plaza, Limerick, Ireland in late summer 2018. The additional office space will support the Company’s continued expansion as it creates 100 new jobs in Product Development, Sales, and Global Customer Support over the next 3 years.
Michael Murphy, Partner Investec Ventures said:
“Congratulations to Jimmy Martin and the AMCS team on completing the investment. Under Jimmy’s leadership Investec backed the AMCS team who had a vision to develop leading edge technology solutions for the waste, recycling and material resources industry. Today’s announcement confirms the progress that has been made and we wish AMCS continued success.”