The Irish Times is reporting that Maynooth-based, 'Sentenial Ltd' is to be purchased by Australian payments company, EML.
The deal is believed to be worth approximately €110 million.
It's reported that the purchase will be made-up of a €70million upfront payment, with the remaining €40 million of an earn-out component.
According to Sentenial's website, the payment services company was formed in 2003.
Shareholders include former Minister for Finance, & Kildare native, Charlie McCreevy, and former Anglo Irish Bank executive Tiarnan O’Mahoney.
Image: Sentenial Ltd Logo