VALISTA, THE Wicklow digital payment company acquired by Belfast telecoms network software company Aepona in July, posted a pre-tax loss of just under €3 million last year, bringing its total losses to over €33 million.
Accounts recently filed at the Companies Registration Office for Valista, show that turnover at the company was also down, falling from just over €7 million in 2007 to €4.3 million last year.
Operating losses stood at €2.5 million during the same period.
Valista specialises in producing software that enables payments to be made over the internet.
The company, which was headed up by entrepreneur Raomal Perera, emerged from the deal that saw Network365 and US group iPIN join forces. In July Aepona acquired Valista for an undisclosed sum. Aepona produces software for the telecoms sector.
The accounts show that Valista employed 38 people in 2008. The directors’ report notes 2008 was a “difficult trading year” for the group. “Despite significant investment in sales and RD, new orders were 39 per cent below plan,” the report says.
