Increasing numbers of High Growth companies are locating in Ireland to scale up and internationalise their operations. The exciting commercial and creative mix on offer, together with a business-friendly environment and speed to market are key motivating factors. Ireland is now placing an even stronger focus on attracting High Growth companies that are typically operating less than seven years and have a turnover between $30m-$70m.
While Ireland has a long track record in attracting large multinational companies, its reputation for attracting High Growth companies is now also flourishing. Since 2010, over 150 High Growth global companies have chosen to establish their operations in Ireland, working alongside IDA Ireland.
Ireland offers High Growth companies the ability to quickly establish their operations and rapidly execute their business model. They also benefit from a strong pool of local talent (Ireland is ranked number one for the availability of skilled people), a streamlined visa process for non-European citizens and a long-established, innovative and robust infrastructure.
A wide variety of High Growth companies are choosing Ireland as a launch pad to global success. These companies are characterised by swift growth and disruptive business models, including leading Platform as a Service provider Engineyard, the job search engine Indeed.com and Software as a Service provider Marketo.
The IDA is actively working across all sectors with small, High Growth companies keen to internationalise and grow their business. Companies such as Etsy, SquareSpace, Qualtrics, and MongoDB have chosen Ireland for this purpose.
High Growth businesses represent an increasingly important part of Ireland’s high tech, innovative business eco-system. Their position allows them to link up with established multinationals in ICT, Life Sciences, Financial Services and globally traded businesses forming mutually beneficial relationships. Their presence also strengthens Ireland’s position as Europe’s second most entrepreneurial country.
Ireland has become a thriving hotbed of entrepreneurial activity where mentors, advisors and angel investors are highly visible and active. While raising capital will always be a challenge, the nature of new funds investing in Ireland (such as Highland, Tribal, Frontline, Polaris) are much more founder-friendly and Valley-connected than their predecessors.
High Growth businesses represent an increasingly important part of Ireland’s high tech business ecosystem. These companies can readily tap into the country’s pool of talent and established infrastructure that has been ranked as a top performer when it comes to delivering innovation.
Ireland tops the rankings for flexibility and adaptability of its labour market. This should be no surprise given 50% of people are aged under 35.
High Growth companies are encouraged to make the most of opportunities to connect with third-level institutions and their graduates, as well as with indigenous companies of similar scale and potential. Such connections are actively encouraged and facilitated by IDA Ireland.
Rory Mullen leads a dedicated team focused on the business needs of High Growth companies. To date, over 100 high growth companies have successfully scaled and internationalised using Ireland as their European base. IDA’s team has members on the ground in California - Irvine and Mountain View, Atlanta, New York, Austin, London and Frankfurt as well as Ireland.
Contact us at IDAEmergebiz@ida.ie
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ThousandEyes, the network intelligence company that provides visibility into the Internet, cloud and every network that companies run on, announced the company’s expansion into Ireland with the opening of a sales and services office in Dublin.
An initiative to establish a national cyber security cluster in Ireland has been announced today. Facilitated by Cork Institute of Technology (CIT), the national cluster will be called Cyber Ireland and is supported by IDA Ireland.
IDA Ireland today welcomed the announcement that Barclays has received regulatory approval from the Central Bank of Ireland for the bank’s enlarged Irish operation and the expansion of its licensed pan-European activity, encompassing corporate and investment banking, wealth management and card services.
MathWorks today announced accelerated growth in its Ireland office, as it looks to fill over 20 current job openings. Established in Galway in late 2016, MathWorks Ireland also expects to fill 65 additional jobs in 2019.
ReliaQuest, today announced the grand opening of their 1st office location outside of the United States in Leopardstown, Dublin. Founded in 2007, ReliaQuest today employs over 300 staff across its 3 office locations in Tampa, Florida; Las Vegas, Nevada; and Dublin, Ireland. ReliaQuest plans to create 100 new jobs in their Dublin office over the next 3 years. These jobs will mainly be within their Security Operations Centre, consisting of security engineers, analysts and content developers.
Move to new, larger premises in Waterford signals company’s plans to develop a flagship facility to spearhead its activities in Ireland and worldwide
New fast landing service to provide collaborative work environment
IDA Ireland, in partnership with IT Sligo and Sligo County Council, have today officially opened a new fast landing property solution. The establishment of IDA Ireland’s first fast landing service at Embankment House, Sligo, to be known as ‘The Landing Space’, will provide an open plan, turnkey collaborative working environment for companies who wish to quickly and easily establish operations in the North West region.
Accela, the leading provider of cloud-based productivity solutions for government, announced today the opening of its Dublin office and plans to double the company’s current Ireland workforce.
INIT, a world-leading supplier of intelligent transport systems, celebrated the opening of its new software development centre in Maynooth, Co. Kildare today. Currently, a team of eight employees is working on the software for INIT’s ticketing systems as well as for field devices. Future plans include the provision of up to 20 additional high-skilled jobs in the areas of software development, in C++ and C#. The celebration marks the company’s first operations centre outside Germany.
Leading Australian travel insurer, World Nomads Group (WNG), today announced the launch of its European operations and headquarters in Cork to support its international expansion strategy. The new Cork-based operation will directly manage the company’s European travel insurance business with the establishment of a Managing General Agency (MGA) in Ireland.
70 new Tech jobs to be created over next 2 years
ALPS Electric (Ireland) Limited celebrated its 30th Anniversary at its facility in Millstreet, Co. Cork.
ALPS Electric (Ireland) Limited was founded in Millstreet Town, County Cork in 1988 as a manufacturing base of ALPS Customers in Europe. Today ALPS Electric (Ireland) Limited employs over 700 people in Millstreet Town. The Facility has 56,000 square feet of world class manufacturing space and including SMT, moulding, decorative parts painting and lasering marking capabilities.
Today Minister Heather Humphreys will open the European headquarters of Entekra™ in Monaghan town. Entekra will create 100 new high-skilled jobs in the area following an investment announced earlier this year in May 2018. These jobs will be in the areas of design engineering, finance, marketing and customer support.
Agilent Technologies Ireland Ltd. today held the official opening of a new, purpose-built research and development extension to its Little Island, County Cork facility.
SentryOne has onboarded a new Software Development Engineering team out of its Dublin City Centre, Ireland, office to accommodate their rapidly-growing EMEA footprint. Since opening in May 2018, the Irish subsidiary has quickly become entrenched in the EMEA Microsoft Data Platform community.
Bausch Health Companies Inc. (NYSE/TSX: BHC) (“Bausch Health,” the “Company” or “we”) today announced it will invest to expand contact lens manufacturing capacity at its Bausch + Lomb sites in Waterford, Ireland and Rochester, N.Y. The Company is adding multiple production lines at these two sites to support the manufacture of its innovative daily disposable silicone hydrogel (SiHy daily) contact lenses.
Shire held an official site dedication event at its new state of-the-art biologics facility in Dunboyne, Co. Meath today.
Development of the 120-acre site has been underway since November 2017. Approximately 400 people will be employed at the facility when it is at full capacity.
Facebook Expands Investment in Ireland
Facebook is expanding its investment in Ireland by acquiring a long-term lease of 14 acres for a new campus development in the heart of Ballsbridge in Dublin 4; the premises known as the Bankcentre currently occupied by AIB.
ILC Dover, a global leader in flexible containment solutions for the pharmaceutical and biopharmaceutical industry today announced it is expanding its Irish production footprint by opening a location in Blarney, County Cork, Ireland creating up to 70 jobs over two years.
The law firm confirmed earlier this year that it plans to build the Dublin office to ten partners with around 40 people in total over the next three years.
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