The latest news, announcements, articles and blog posts from IDA Ireland. Keep informed about Foreign Direct Investment in Ireland.
NGINX, Inc., the company based on the popular open source project and offering a suite of technologies designed to develop and deliver modern applications, has raised $43 million in Series C funding led by Goldman Sachs Growth Equity (GS Growth), a platform within Goldman Sachs’ Merchant Banking Division. NGINX has experienced tremendous growth and customer traction, including adoption by more than 30% of the Fortune 50. With this latest round, NGINX will accelerate its mission to help enterprises on their journey to microservices – a modern approach to application development. The Series C brings NGINX’s total funding to $103 million.
Global cybersecurity leader Forcepoint today formally opened a new Center of Excellence in Cork, Ireland. The investment, supported by the Irish Government through IDA Ireland, will focus on new product development in the cloud and endpoint cybersecurity technology space.
Data analytics and anonymisation firm Trūata today announced it plans to hire up to 75 personnel – mainly data analysts, data scientists and engineers – in 2018 for its newly opened headquarters in Dublin. The recruitment drive comes three months after the start-up was launched as a trust by its founding beneficiaries, Mastercard and IBM.
Amazon announced that it is creating more than 1,000 permanent new jobs in Ireland over the next two years. In addition to central Dublin, where Amazon opened a new 170,000 square foot building today, these highly skilled roles will be based in Amazon locations in North County Dublin, Blanchardstown, and Tallaght. Creating 1,000 new jobs doubles the growth target committed to by Amazon in 2016, when the company pledged to hire 500 people in two years – and did so nine months ahead of schedule.
IDA Ireland, the inward investment agency of the Irish Government has today reported a very strong first half of 2018.
Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering high-quality assets, tools and services through its creative platform, today announced the launch of its Dublin office with the intent to initially hire 40 professionals including engineering roles, and to potentially grow the team further over the coming years. This project is supported by the Irish Government through IDA Ireland.
STATS, the worldwide leader in sports data and intelligence, officially opened its new offices at Riverstone House, Henry Street, in Limerick city centre yesterday, Monday 11th of June. Originally announced in October of 2017, STATS aims to employ more than 150 full and part-time staff in Limerick by 2020, making it the largest sports technology business in Ireland.
Minister for Business, Enterprise and Innovation Heather Humphreys T.D., and eBECS, a DXC Technology Company and award-winning Microsoft Gold Partner today announced it will invest in the creation of 100 new tech jobs, in Ireland.
Eventbrite, the world's leading ticketing and event technology platform, has officially opened its new 11,500 square feet office in an historical bank building at South Mall 97 in Cork today. The opening ceremony was attended by local and national dignitaries including Tánaiste Simon Coveney, Lord Mayor of Cork Tony Fitzgerald, and the IDA’s Executive Director Mary Buckley. Previous tenants of the classical setpiece with clear view of Cork City Hall include the Provincial Bank of Ireland and The Irish Examiner.
Blockchain Ireland, a leading source of information on the Irish blockchain ecosystem, was launched today by the Irish Blockchain Expert Group (IBEG), led by IDA Ireland. The online platform will serve as the go-to source of information on the Irish blockchain ecosystem, assisting the promotion of Ireland as a blockchain centre of excellence.
IDA Ireland today welcomed the announcement that Arch Capital Group Ltd. [NASDAQ: ACGL] (Arch) plans to apply to the Central Bank to expand the group’s underwriting operations in Ireland to ensure continuity of its operations across the European Union (EU) once the United Kingdom leaves the EU, subject to Central Bank approval.
DMS Governance, an international GRC firm, is to create 50 new roles in Cashel Co. Tipperary. Between its Dublin expansion and the creation of new roles in Cashel, this will bring DMS’ commitment to jobs Ireland to 150.
International Retail Solutions company E3 Retail announced today it is to establish a Software Development and Sales Centre in Sligo to support the development and localisation of its retail solutions platform and architecture based on a cloud utility (“pay as you go”) model.
Entry into EMEA Market Demonstrates Growing Demand for Segment’s Customer Data Infrastructure; Company to Establish 100 Jobs in the Next 3 Years
Croke Park Dublin today saw a gathering of leaders from industry and business across the Globe attend an event which highlights Ireland’s business leadership and operational effectiveness.
455 meetings scheduled between Irish exporters and Multinationals during two-day Enterprise Ireland and IDA Ireland “Global Sourcing” initiative
Leetha Industries, manufacturers of packaging material for the medical, foodservice and disposable packaging sectors today announced it is to establish a manufacturing and supply operation called Red Seal Cups Limited in Longford. The new facility will create 100 + jobs over three years.
Standex Ireland Ltd celebrated the 40th anniversary of the opening of its operation in Mountmellick Co Laois by holding a special anniversary dinner to acknowledge the valued contribution made by employees over that period.
Avery Dennison Corporation, (NYSE:AVY), a global materials science and manufacturing company, today announced plans to expand its medical product manufacturing operations in Longford, Ireland, increasing the Finesse Medical Ltd., facility’s end-to-end medical device manufacturing capacity and capabilities for its customers.
Aptiv, a leading provider of software and system solutions for the mobility space, announced today the relocation of its global headquarters to Dublin from the United Kingdom.
Darta Saving Life Assurance/Allianz Global Life, both part of the global Allianz Group, have announced they will contribute to €75 million to the Irish economy by its Irish operations over the next two years. This will see an increase in their combined work force by a quarter and an expansion into new offices in Dublin, serving more European Countries.
An Taoiseach Leo Varadkar, Prime Minister of Ireland today announced that WuXi Biologics, a Hong Kong-listed (2269.HK) global open-access biologics technology platform company, is to invest €325 million and create 400 new jobs over five years in a new biologics drug substance manufacturing facility on the Industrial Development Authority’s (IDA) greenfield site in Mullagharlin in Dundalk, Co. Louth.
New Relic, Inc. (NYSE: NEWR), provider of real-time insights for software-driven businesses, today announced the opening of its new European Headquarters in Dublin. The company opened its first European headquarters in Dublin in 2014 and has since grown its team to about 100 employees. Its new space at 31-36 Golden Lane is expected to provide the local Ireland team the space to grow up to 300 team members as well as provide state of the art facilities for hosting customers, meetups, and connecting with the local community.
Comtrade Digital Services, the leading provider of software engineering services and solutions, today announces that it has opened its new global headquarters in Sandyford, Dublin.
Today’s Ireland is in expansive mode, with an economy
that regularly ranks among the fastest-growing in the
world. Our place in the global International Financial
Services Sector is strongly-established. Our place in the
EU and the Eurozone is central to the success of our open,
Ireland - A winning proposition for global business services
What makes Ireland great, makes Ireland great for business
Ireland, a winning proposition for research & development.
A winning proposition for global business services
Interest in artificial intelligence is at ‘fever pitch’, according to the technology market research company IDC. If measured in money, the heat will reach almost 20 billion this year – that’s the dollar amount IDC forecasts that companies will spend on AI and cognitive computing. But in fact, the temperature around these technologies has been rising for some time.
While the American medtech industry is thriving, it still must deal with challenges that include higher production costs, finding skilled staff and the ongoing issues innate to a highly regulated sector. Then there are global concerns such as competition, funding and the high cost of research. With Europe and the United States being the key markets, many U.S. medtech firms have located some of their operations in Ireland in order to take advantage of an established, flourishing life sciences sector, strong governmental support and easy access to the lucrative European market.
With an expected two billion more mouths to feed on the planet by 2050, it's no surprise that the Agtech industry is looking at new approaches today to achieve this goal, searching for lower-cost technology that will deliver higher yields with less environmental impact. American Agtech companies are under increased pressure as the United States recently slipped from first to fourth place in the rankings of most "food-secure" nations worldwide, according to the Economist Intelligence Unit.
If there’s one word that captures the aims of ambitious high-tech companies, it’s scale. It’s about hitting big numbers – whether that’s customers, ARR or valuation – fast. Scale is embedded into the DNA of founders and the VCs backing them with the financial firepower to reach their ambitious goals.
When Keeper Security set up its first European operations in late December, it chose Cork as its location – but its decision wasn’t out of the ordinary. The password management company joined a growing roster of cybersecurity companies operating in the greater Cork area, including AlienVault, Cylance, eSentire, FireEye, Malwarebytes, McAfee, Sophos, Trend Micro and Trustev/TransUnion. You could say that Ireland’s second city is a hidden gem for cybersecurity.
When Jaguar Land Rover announced 150 jobs in Shannon back in January, the engineering work at this this site turned out not to involve pistons and carburettors but devops and code. The news is a signpost of change happening right across the auto industry. Cars increasingly rely on software and connectivity, and in doing so, they’re fulfilling a forecast from a 2016 Harvard Business Review article: “every business will be a software business”. Last year, Marc Rogers of the security company CloudFlare, went further, telling the New York Times: “These are no longer cars… they are data centres on wheels”.
Gavin Prendergast had already been thinking about going into business for himself with an enterprise that would tap into his love for food. Then the multinationals came calling.
Dublin may be a natural business hub, but the country’s FDI story doesn’t end in the capital. Silicon Docks is synonymous with thriving tech companies, but cities like Galway and Cork attract their share of multinationals too. Galway alone has close to 23,000 people whose jobs come from IDA-supported FDI projects, while Cork has a thriving community of companies in both pharmaceuticals and cybersecurity sectors.
Foreign direct investment doesn’t happen in a bubble. From the moment multinational companies decide to set up operations in Ireland, they will need to interact with local service providers. Their needs may run the gamut from office fit-out, catering and construction, through to professional services such as recruitment, IT, legal and accounting services or public relations.
Just as nature abhors a vacuum, uncertainty provokes similar feelings for business. As this white paper makes clear, a growing nationalist and protectionist mindset around the world is creating a fresh set of challenges for global businesses.
Engineering leaders shared their advice for CTOs, leaders of engineering teams and international operation decision makers at recent IDA Ireland meetup
Building great tech companies starts with hiring great people. That’s easy to say but harder to do. Competition for the best talent is so tight, while pressure to scale fast can also hinder good HR practices. That challenge is exacerbated when the company is expanding globally.
Europe is a vast, lucrative market and having a local tech operation in place to support it makes sense. But there are also solid economic reasons for a company to expand its engineering program to Europe. Europe offers a marketplace of 550 million people and is seen by many US tech companies as the gateway to EMEA region.
It’s an altogether tougher challenge to scale the organisation that develops, sells and supports the product - especially as the business goes international. It was a theme heard again and again during SaaStock 2017 in Dublin.
Our round up from SaaStock 2017 In companies founded by engineers - as many SaaS providers are - sales is sometimes a dirty word. But getting to healthy recurring revenue is the goal to building a sustainable software-as-a-service business, which explains why sales featured prominently on the agenda at the SaaStock conference in Dublin.
Engineers are the lifeblood of any SaaS company, which is why it’s worth building a culture that attracts them.
Moving from service to product
Artificial Intelligence is one of the hottest topics in software right now.
Bill Macaitis advises on how SaaS companies can strengthen their brands and create a customer centric culture.
CEO of Qualitrics, Ryan Smith shares his insights on building a SaaS superstar business from SaaStock taking place in Dublin
Michael Lohan is Head of Medical Technology & Healthcare Services at IDA Ireland. In this role, he is an ambassador spreading the word about Ireland's opportunities to medtech and biotech companies around the world. IDA Ireland is proud to be a platinum sponsor of The Med Tech Conference since 2007. Come visit IDA Ireland at booth #323. In the second part of this two-part blog, Lohan concludes his discussion about why American medtech companies have been choosing Ireland as their European base of operations.
Michael Lohan is Head of Medical Technology & Healthcare Services at IDA Ireland. In this role, he is an ambassador spreading the word about Ireland's opportunities to medtech and biotech companies around the world. IDA Ireland is proud to be a platinum sponsor of The Med Tech Conference since 2007. Come visit IDA Ireland at booth #323. In this two-part blog, Lohan talks about why American medtech companies have been choosing Ireland as their European base of operations.
How much of your business relies on software? Quite a lot. How much of it came in a box? Not a lot. That very fact has changed the world as we know it.
IDA Ireland is proud to be a founding sponsor of MassRobotics. IDA Ireland has been successful in attracting and supporting multinationals for a long time and always strives to ensure Ireland stays at the cutting edge of technology and manufacturing developmentswith initiatives like the new Irish Manufacturing Research Institute positioning Ireland as a global leader in Advanced Manufacturing.
Ireland may not be the first country that comes to mind in aviation, but it certainly has a strong impact now in how the industry is run.
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