The latest news, announcements, articles and blog posts from IDA Ireland. Keep informed about Foreign Direct Investment in Ireland.
More than 330 virtual meetings scheduled between Irish exporters and multinational companies
Firm boosts presence outside US by creating full-service site in city centre with 35 jobs
Investment will result in the creation of 20 new roles
National Science Park, Mullingar becomes home to Masterflex® Bioprocessing Centre
TrustLabs Inc, a privately held blockchain fintech company, has announced the establishment of its European Headquarters in Dundalk, Co. Louth, creating 20 jobs over the next two years.
Renovo Motors Inc, an automotive data management software company has formally announced the establishment of its EMEA Headquarters and Software Development Hub in Shannon Co. Clare which will create at least 30 jobs over the next three years.
An Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar TD and IDA Ireland today announced the creation of 185 jobs in Shannon, Galway, Dundalk, Cork & Dublin across 8 high growth companies from Europe and the US.
Adding cell and gene therapy capabilities to support growing customer need
London-based consultancy firm Albany Beck is launching an EU Operations Centre in Dublin that will create 100 new jobs over the next three years. The new roles created will be in in the areas of Software Development, Software Engineering, Cloud-Services, Machine Learning/AI/Automation, Know Your Customer (KYC) and Transaction Management. Recruitment will begin immediately for Software Developers, Full-stack software engineers, Python Developers and KYC Analysts.
Major investment will see an expansion of the company’s Galway-based R&D operation
Hewlett Packard Enterprise announces 150 new high tech jobs in Ireland
Building on its long term commitment to the country, new jobs will be in the fields of R&D, cyber security, software development and cloud consulting
IDA Ireland today welcomed Intel’s plans to enter a new era of innovation and technology growth with the acceleration of investment in Europe that will see it expand its Irish manufacturing operations. Investment underway in Leixlip Ireland is expected to lead to the creation of 1600 new high-tech jobs on completion.
Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, today announced that it will create 400 new jobs at its European headquarters in Dublin, growing its workforce in Ireland by 30 percent. Hiring will commence immediately.
Letterkenny identified as a key location for software development
IQ-EQ, a leading global investor services group, has today announced plans to expand its Irish operations with the launch of a dedicated Funds business in Ireland creating 45 roles over the next five years.
Up to 200 engineering jobs to be created, reinforcing Microchip’s commitment to Ireland
BT Sourced, the innovative new procurement arm of global communications provider BT, is kicking off a recruitment drive for more than 70 roles, based in central Dublin, as it gets ready to open for business in April.
Takeda Ireland, a subsidiary of Takeda Pharmaceutical Company Ltd, today announced a €36 million investment in its Grange Castle facility. The investment will support the expansion of the company’s cell therapy production facility and create approximately 100 new jobs over the next three years.
The COVID-19 Response Guide outlines IDA’s approach to the crisis and consolidates relevant information and supports available across government departments.
Ireland is the leading destination for pharmaceutical activity, 85+ biopharmaceutical companies call Ireland home, Ireland is the third largest exporter of pharmaceuticals globally and 50 FDA-approved manufacturing plants are located here.
Ireland has developed a global banking
reputation and is a recognised location for front,
middle and support activities, including operations
Ireland has a sophisticated fintech & payments ecosystem with
a deep pool of local expertise available. Many of the world’s leading
companies have a significant presence in Ireland, with activity spread
right across the sector including; Online Payments & Processing,
Digital Banking, Cross Border Payments, Payment Gateways,
Insurtech, Regtech and Blockchain.
Ireland is a global centre for servicing the insurance
industry with local expertise across the full range of
sub-sectors including Life, Non-Life, Specialty Insurance,
Reinsurance and Captive Insurance.
Everything you need to know about investing in Ireland in 2019 including information on economy, talent, tax, commercial property and more.
When the pandemic began, many organizations in Ireland were ready for full remote-work operations. That’s because they had already implemented remote-work policies years earlier—to great success. It’s becoming clear that today’s dynamic companies will need to improve their remote operating capacity. They will have to lean into best practices for achieving connectivity, provide upward-mobility opportunities for their employees, and use the best technology to remain competitive in the global fight for talent.
For leaders now looking to build thriving remote-first teams, Irish organizations that had already incorporated their remote-work plans before the pandemic offer three important lessons they’ve learned over the years.
Last fall enormous 60+ foot waves crested the coast of Sligo on the West Coast of Ireland, creating stunning scenes and enticing surfers out into the water. A photo of one surfer balancing on enormous waves surging toward the shores that caught international attention provided a reminder of what's possible when conditions are just right.
Having left on a flight from Dublin Airport headed to JFK Airport in September to take up my new role running IDA Irelands U.S. operation, I knew that New York would look different but it was still a bit unreal to see the normally bustling terminals so quiet, streets so sparsely populated and even the taxi drivers subdued. It was abundantly clear that this job I had been looking forward to would be profoundly changed -- as was most of the world -- as a result of the pandemic that had impacted so much.
Cell and Gene Therapy (CGT) is a major breakthrough in medical science. The human genome was sequenced only 16 years ago, yet the website Centerwatch reports that the U.S. Food and Drug Administration expects to receive some 200 gene and cell therapy investigational drug applications in the next two years. According to the National Cell Manufacturing Consortium, this space will grow at an annual rate of more than 40% in the next 10 years. CGT companies are finding robust, repeatable and scalable ways to manufacture these life-saving products and tests to ensure they are safe and effective therapies. Today, as demand exceeds supply, finding the right talent is key to evolving and expanding this exciting, life-changing industry.
The Covid-19 pandemic has impacted the world in various ways but one unexpected result has been hastening the movement toward Industry 4.0, also called lights-out manufacturing, in the biopharmaceutical and med-tech industries.
When your business is growing and it’s time to expand overseas to Europe, deciding on the best location typically requires executive teams to hop on a plane for in-person site visits. In the 40 years that IDA Ireland has had an office in Silicon Valley, there has never been a time when it was not practical for prospective clients to travel to Ireland - until now.
COVID19 has led to a surge in the consumption of digital content. With the strain on US domestic studio space, Ireland has emerged as a stong hub for US content creators.
The enticement of a relatively wealthy market of 500 million consumers often makes opening a European office one of the earlier expansion steps for American technology companies. However, there are right and wrong ways to establish a European operation, with fostering the right culture a key aspect that will significantly impact the hoped-for financial contributions.
Companies across a diverse range of industries are using artificial intelligence to streamline data management and analytics, gain a competitive edge and find new ways to drive growth. As more companies look to capitalize on AI technologies for their data-driven decision making, there’s a demand by businesses to find ways to avail themselves of AI quickly and cost effectively. AI is starting to emerge as a service, and I see 2020 being the year that AI as a Service (AIaaS) explodes onto the market.
In a recent report published by Accenture, entitled Does Digital leadership in Banking really matter?, links were established between the digital maturity of a bank and its market valuation. The essence of the argument is that banks who successfully digitalise their data enjoy greater efficiencies that lead to lower costs as a percentage of revenue, which leads to a higher market valuation. Increasingly, banks and other financial services firms are turning to blockchain technology as a means of storing and transferring data in order to increase transparency, lower costs and accelerate the speed at which it is transferred.
As Brexit approaches, uncertainty continues to surround the potential exit of the United Kingdom from the European Union. While there are far reaching implications, taxes and trading systems are just two considerations that will impact American chip and system engineers and their employers. The situation is complex and becomes more challenging as each day passes. Strong trade bonds tie Europe and the US - data from the Office of the U.S. Trade Representative shows that the EU/US bilateral trade flow is the biggest in the world, far bigger than that between the US and China. In 2018, the U.S. imported $683.9 billion of EU goods compared with $557.9 imported from China. U.S. exports reached $574.5 billion to Europe while only $179.2 billion was imported to China. Trade with the UK is significant, the U.S. accounted for 19% of U.K. exports and 11% of imports.
In the restaurant business, technology is fast becoming key to delivering superior service for customers, and this has propelled Boston-based Toast to revenue growth of 148 per cent during 2018.
Every company that wants to grow will reach a point where it needs to expand into new markets. Doing it right means setting up operations closer to those customers.
It’s a big step, but it’s one that many others have taken before. For this blog, we spoke to senior leaders at leading tech companies that expanded into Ireland. They shared their advice on getting a fast and frictionless start, with five practical tips for others planning to grow their business internationally.
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 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 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 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.
You'll find us responsive to your needs, proactive, professional and willing to go the extra mile.
We have 28 Offices worldwide helping support companies expand their operations in Ireland.
To consent to the use of ALL cookies click “I Accept”. You may visit Cookies Preference to manage which cookies we may use.