Northern Ireland

Belfast investment fund makes profit after mobile firm sold

A mobile technology firm, part-funded by a Belfast investment fund, has been sold to a San Francisco-based firm.

Converser was founded in Dublin in 2011 and it received two rounds of funding from Lough Shore Investments.

It has been bought by Swrve, a firm that helps businesses to use smartphone and tablet apps for marketing.

Converser's technology allows in-app conversations and gives app developers tools to analyse how users interact with the app.

Lough Shore is controlled by entrepreneur Danny Moore who sat on Converser's board

Mr Moore ran the technology company Wombat, which was sold to the NYSE in 2008 for $200m (£125m), a deal in which Mr Moore made a handsome profit.