News & Insights
Actionpoint News6th March 2018
CloudCards expands into China and South Korea
By Leanna Byrne
February 25, 2018
The following was extracted from the Sunday Business Post and featured Aviation Technology company, Cloud Cards. Cloud Cards utilise ActionPoint’s expertise in the development of their software.
CloudCards, the aviation software company that counts Mrs Brown’s Boys star Paddy Houlihan as an investor, is raising €1.9 million to take on the Chinese and South Korean markets. The company based in Limerick recently secured a major contract with the Chinese aircraft leasing company CMIG Aviation. Brian Fitzgerald, managing director of CloudCards, said while Ireland was a big player in aircraft leasing, the company was also pushing for even more contracts with Asian operators.
“One of the markets we are targeting now is the Chinese and South Korean market. Its where we see a lot of activity at the moment. That’s where the money is. To be honest with you, the growth in Europe is pretty flatline,” said Fitzgerald. “We’ll be spending a few weeks and months over there with someone to understand their business. When you do business with the Chinese, you can’t do it over email, you physically have to be there day-to-day with them to be able to make any progress.”
Headquartered in Beijing CMIG Aviation provides aircraft management and charter services, including business jet management, jet charter, asset management, ground handling, maintenance and repair, and aircraft purchasing consultation services.
Established by brothers Brian and Barry Fitzgerald, CloudCards has had €1.9 million in seed funding pumped in since it started up in 2013. It develops software platforms for the commercial aviation sector for leasing and asset management.
CloudCards employs five staff but hopes to push this number up to 14 over the next year, according to Fitzgerald.