(left to right) Aidan Gallagher, CEO and founder of InishTech, Paul Rellis, managing director of Microsoft Ireland, and Feargal O Morain, Enterprise Ireland.

Today, Ireland’s software economy scored another big coup. In the latest illustration of the country’s deeply connected global ecosystem, Microsoft IP Ventures launched Ireland’s newest tech start-up, InishTech. The new Dublin-based company will re-launch Microsoft Software Licensing and Protection (SLP) Services as its primary offering. The goal is to equip software developers with new tools to protect their code, license their software and track the performance and profitability of their products.

The deal represents the fruits of yet another successful partnership between Microsoft’s noted IP Venture Team and Enterprise Ireland which brokered the connection between the software giant and the dynamic Ireland-based entrepreneurs that now comprise the InishTech team.

Microsoft IP Ventures’ director, Sharieff Mansour described the launch of InishTech as “a tangible example of how IP licensing and collaboration can significantly benefit the entrepreneurial and small-business communities all around the world, as well as the overall IT ecosystem.” Mansour also noted that this is the first time the Microsoft IP Ventures program has spun out an existing Microsoft business.

Read the full press release here http://www.inishtech.com/NewsDescription.aspx