The latest news, announcements, articles and blog posts from IDA Ireland. Keep informed about Foreign Direct Investment in Ireland.
Today marks the official launch of the Irish Cyber Security Cluster, Cyber Ireland, which took place at Cork County Hall and was officiated by Minister David Stanton. The Cyber Security cluster organisation, which is backed by IDA Ireland, brings together industry, academia and government to represent the needs of the sector and aims to enhance the innovation, growth and competitiveness of the companies and organisations in this nationwide cluster.
Cork – May 17th 2019 –Tánaiste & Minister for Foreign Affairs & Trade Simon Coveney TD today announced that data management and regtech specialist RIMES has established a new office at City Gate, Mahon, Cork, Ireland.
Today, Minister for Business, Enterprise and Innovation, Heather Humphreys T.D., visited Pfizer Ringaskiddy almost 50 years to the day the company first came to Ireland. During her visit, the Minister recognised the significance of this anniversary and the substantial investment of Pfizer in Ireland over the last five decades. The Minister toured part of the large-scale manufacturing site, visiting the New Product Technology Lab, a state of the art $30 Million facility. The visit is part of a series of events to celebrate the company’s 50th anniversary in Ireland.
Chairman Emeritus of DLA Piper Senator George Mitchell officially launches the Irish office of the global law firm today. The Irish office of DLA Piper, which is led by Country Managing Partner David Carthy, has already made a number of significant partner hires and will continue to boost the practice to a team of up to 100 high calibre lawyers and business professionals over the coming years. As part of the activity to mark the launch, Senator Mitchell met with Minister for Justice and Equality, Charlie Flanagan TD to discuss Ireland’s potential as a global centre for legal services post-Brexit.
Dublin, 15 May 2019 - TD Securities is delighted to announce the official opening of its new office in Dublin, located at One Molesworth Street. Minister for Finance, Paschal Donohoe, T.D., joined TD Securities’ CEO, Bob Dorrance, and IDA Ireland CEO, Martin Shanahan, at the official opening ceremony yesterday.
Today, we are excited to officially announce that Reddit is opening its first international office in Dublin, Ireland (and yes, we’re hiring!).
JRI America, Inc. today announced it is to further expand its Technology Centre in Tralee, Co. Kerry, creating 100 new jobs over five years.
The Knot Worldwide, the largest global wedding planning company, today announced it will establish an Operations Centre in Galway, creating circa 100 job opportunities over the next few years. The project is supported by the Irish Government through IDA Ireland.
Global life-science innovation leader, Allergan, which is headquartered in Ireland and operates four facilities here, has announced a €65 million capital investment programme for 2019 to facilitate the continued expansion of the company’s state-of-the art laboratories and manufacturing campuses at Westport in County Mayo and Clonshaugh in north Dublin. The Westport facility has created 63 new highly skilled jobs, bringing total employment in Ireland to more than 2,000 across the country. One in ten employees in Allergan’s global workforce is based in Ireland.
EcoOnline today announced the official opening of a new 7,000 square ft office in Limerick, doubling its office space in an ongoing commitment to innovation and growth in the Irish and UK market.
Indeed, the world’s largest job site, today announced the creation of 600 new roles at its Dublin-based headquarters for Europe, the Middle East and Africa (EMEA). The announcement was made by Indeed CEO Chris Hyams at the company’s newly opened Capital Dock HQ, along with Heather Humphreys T.D., Minister for Business, Enterprise, and Innovation, Minister Mary Mitchell O’Connor T.D., Minister of State for Higher Education, and Martin Shanahan, CEO, IDA Ireland.
Rent the Runway, Inc., the company that created the world’s first living, sustainable closet by enabling women to rent versus buy their clothing, has selected Galway for its first-ever international technology office.
LogMeIn Inc., a leading provider of cloud-based connectivity and recognized as one of the world’s 10 largest public Software-as-a-Service (SaaS) companies, today announced that the company has officially opened its new international headquarters in the Reflector Building, Grand Canal Dock. The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions, has announced the creation of 10 new jobs, based in Dublin.
Greenfield Global Inc., Canada’s largest producer of alcohol and fuel ethanol, and one of the largest alcohols and solvents companies in North America, today announced plans to establish a new EU manufacturing headquarters in Portlaoise, Ireland.
Minister of State for Trade, Employment and Business, Pat Breen TD today announced that Johnson & Johnson Vision Care (Ireland) will be adding approximately 100 new roles as part of about a €100M expansion of its manufacturing operations at its site in the National Technology Park, Plassey, Limerick.
Markforged, a leading manufacturer of industrial 3D printers, today announced the opening of its first official European headquarters in Dublin, Ireland, part of the company’s planned global expansion for 2019. Markforged is opening its new European headquarters with the support of the Irish Government through IDA Ireland.
GrandPad, the first tablet-based solution designed exclusively for older people, is now available in Ireland and the UK. The high-tech, high-touch company whose mission is to improve the lives of millions of older people, as well as their family and friends, is celebrating its European launch with the opening of its headquarters in Gorey, Co Wexford, Ireland.
Dassault Systèmes opened their new office in Phoenix House, Monahan Road, Cork today. The French Ambassador H.E. Stéphane Crouzat presided over the opening ceremony with Simon Coveney, Tánaiste & Minister for Foreign Affairs & Trade, and Cllr. Mick Finn, Lord Mayor of Cork City Council, with many members of the French and Irish business communities in attendance.
Latest figures from Ireland’s Foreign Investment Agency, IDA Ireland have shown that 70 individual investments related to Brexit, with over 5000 associated jobs, have been approved since the UK’s EU referendum in June 2016.
TradeIX, the award-winning technology platform provider driving innovation in trade finance, is expanding its Global Headquarters in Dublin by adding 70 new jobs across engineering, sales, customer service, and product development.
EML Payments Limited (ASX: EML) (“EML”) today announced it is expanding its operation in Galway with the establishment of a Technology & Innovation Hub in Galway, employing 20 people.
Global cybersecurity leader Forcepoint today moved to its permanent office for its Center of Excellence in Cork, Ireland. The investment, supported by the Irish Government through IDA Ireland, continues to focus on new product development in the cloud and endpoint cybersecurity technology space.
Valeo, today announced it is to invest €44M in a major RD&I investment programme, which will build on the Group’s strong capability in Advanced Driver Assistance Systems (ADAS) and position them at the forefront of developments in autonomous vehicles. This investment will lead to the creation of 50 new R&D roles over the next three years, which will see its Irish R&D centre grow to over 500 people and become one of the largest R&D facilities in Ireland.
Minister for Business, Enterprise and Innovation, Heather Humphreys TD, is leading 71 Enterprise Ireland client companies on an Enterprise Ireland and IDA Ireland trade and investment mission to Australia and Singapore. The trade mission is focused on increasing Irish exports to markets outside of the UK by 50% by 2020 and attracting investments from Australian and ASEAN companies to Ireland.
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
In late May, Ireland will become a hive of blockchain activity. Over seven days, events will bring together entrepreneurs, developers, corporate leaders, regulators and government services for a series of talks, workshops, networking opportunities, a hackathon, culminating in a meeting of the ISO TC307 group that will discuss standards around the emerging technology.
Even by the hyper-growth standards of the technology industry, Park Place Technologies stands out for its rapid recent rise. Last year, the company had its sixth successive ranking on the Inc. 5000 list of the USA’s fastest-growing private companies. In the past 18 months, it closed 10 acquisitions spanning Latin America, Asia and Europe.
The mission of IDA Ireland has been constant, since its foundation by the government of the day in 1949—to promote the growth and development of industry in Ireland. In the early years of the Irish Republic, the economy was inward-looking, with high tariffs on imported goods, a strategic focus on indigenous industry and limited export trade.
What’s happening in Sligo right now proves that it’s possible to achieve work-life balance without compromising on a career. That’s what more than 320 people discovered on the journey there by train from Connolly Station Dublin to a careers fair dubbed ‘Tech on the Wild Atlantic Way’.
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.
Biotechnology company Regeneron had two reasons to be cheerful after the inaugural Invest in Ireland Awards in October. The company came away with the Grand Prix and also won the ‘Excellence in Regional Investment’ category. The recognition follows five years of expansion in Ireland since the company first announced its presence here in 2013.
The 29th of March next year is a critical date for U.S. biotech companies because business as usual disappears in Europe as a result of Brexit. Long a favored location for manufacturing and selling pharmaceuticals and devices across Europe, the United Kingdom will no longer be part of the EU and so free trade across Europe will change. American firms with UK operations should have already devised a post-Brexit strategy and begun implementing it given the fact that the changeover is just a few months away.
The impending exit of the UK from the European Union has set off deep ripples that are being felt in many directions. With less than 6 months to go until Brexit; it’s looking like it could mean potential disruption for US Tech companies doing business in the EU in 2019. Despite the current Brexit anxiety and changing political situation, US firms still need to craft a game plan for whatever the relationship between the EU and UK will look like in 2019 and beyond. With that in mind, here are some key issues to consider for U.S. companies that are worried about their European business in 2019.
The Invest in Ireland Awards took place last week at a gala ceremony in the Mansion House in Dublin. The inaugural event honoured some of the most prominent names in Ireland’s foreign direct investment sector.
The global investment climate is in flux right now with investors looking to locate in jurisdictions that can offer them stability across the policy and regulatory and talent worlds.
Technical recruiters are living out the famous Charles Dickens line, "It was the best of times, it was the worst of times." The United States is now nine years into the second-longest economic upswing in history and business is booming but at the same time, finding qualified tech workers has become a virtual Mount Everest achievement, leading to poaching wars, relentless job-hopping, unfilled positions and angst in executive suites. This is coupled by a mounting challenge, the H1-B lottery and slow green card processing are all discouraging candidates. A recent survey of over 3,000 technology leaders by KPMG revealed that 65 percent believe hiring challenges are hurting their business, up from 59 percent who thought so in the previous year's survey.
A dairy cow lumbering through a field seems to be the antithesis of high technology but sensors, AI, analytics, connectivity and the other elements of the Internet of Things are beginning to have a significant impact on milk production, which is none too soon. With a world population that will reach 9.7 billion by 2050 -- that's more than two billion additional humans than exist today -- global food production system will be increasingly under siege from forces like urbanization, climate change, less arable land and the ongoing difficulty of finding workers in the United States in this low-paying field.
Ireland is playing India in two T20 cricket internationals in Dublin this week; the first match takes place to-day (27 June) and the second on Friday (29 June), in Malahide.
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.
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