Blueface, the Irish internet telephony provider has recently received a significant boost, as they add Lord Iveagh to their list of investors. Blueface, who boasts other high profile investors such as Dennis O’Brien, has recently had 30% (€2.7 million) of its share capital acquired by VentureWave in a private treaty.
Edward Guinness, a descendant of the late brewer Arthur Guinness as well as the 4th Earl of Iveagh and billionaire business man is a considerable investor in VentureWave as well as recently joining its board of directors. Lord Iveagh has also served as an advisory board member for Blueface for some time.
Lord Iveagh commented that he is “looking forward to assisting the dynamic new management team in the next phase of development of Blueface in terms of market development and rapid scaling in the SME telecoms market.”
Founded by Blueface chief executive Alan Foy, with Catrina Sheridan and Brendan Gaffney as Directors, VentureWave was established for the purpose of management – buy in. Foy warmly welcomed Lord Iveagh’s investment; he stated that, “we are very pleased with the support shown by Edward Guinness for the business. Foy added that, “he brings a great deal of knowledge and entrepreneurial expertise which will be of great benefit to the company.”
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