ACT Venture Capital and a number of private US investors have made a $3 million (£2.9 million) investment in the Cork-based software company, Qumas. The funds will be used to support continuing expansion.

Qumas provides document and process management software for companies operating in regulated industries such as pharmaceutical, biotech and medical devices companies. Customers include CR Bard, Warner Lambert, Novartis, Monsanto and Medtronic.