Cubic Telecom secures €500,000 from Enterprise Ireland to continue expansion

Cubic Telecom – best known for its MaxRoam product enabling cheaper mobile roaming – has secured €500,000 from Irish government-backed fund Enterprise Ireland to continue its expansion. In total Cubic has raised €5m in venture funding to date.

Cubic’s Gerry McQuaid says it’s investing heavily in R&D and integrating with international Partners’ platforms to create the hallowed “always on” roaming experience. It’s also created a bunch of new jobs and is growing 9-fold in monthly mobile Data revenues and 5-fold in voice.

Additional staff will be recruited over the next 12 months in a range of roles including research and development, proposition development and international sales.

Cubic, which is a fully licensed mobile network operator, plans a US office this year.

It’s also signed lots of deals recently including one with Qik to create QikRoam, a special SIM card you can order today from the QikRoam website that allows users to travel abroad using Qik without having to worry about excessive roaming charges.