Callaghan says Endace has clean slate on R&D grants after repaying $1.9 mln

Fri, 11 Mar 2016

By Fiona Rotherham March 11 (BusinessDesk) - Callaghan Innovation says technology company Endace, which has agreed to return $1.9 million of around $13.6 million in research and development funding provided in recent years, has a clean slate on applying for future grants. The Auckland-based company, which does high-speed network monitoring and recording technology, has returned to Kiwi ownership after a management-led buyout from its American parent Emulex. The new owners – chief executive Stuart Wilson and chief financial officer Andrew...

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