The latest news, announcements, articles and blog posts from IDA Ireland. Keep informed about Foreign Direct Investment in Ireland.
Greenhouse, the hiring software company, today announced the creation of 100 new jobs in Ireland to further boost its expansion across Europe and meet the growing demand for modern hiring and onboarding technology. The new positions will bring the company’s total headcount in Ireland to 160 over the next two years.
Newcastle West-based medical device manufacturer Filtertek, an ITW Medical company, today announced plans to invest almost €2m in an innovative NPD programme.
Company set to move production of paper products to Tralee site to focus on EU customer sales
Convergint, a global leader in electronic security systems integration, today announced its plans to expand recruiting efforts across all regions of Ireland to help meet the increase in customer demand and continue to provide best-in-class service to its customers. The announcement comes on the heels of the company’s 20th anniversary celebration and significant growth and business momentum reported throughout Ireland, including its most recent technology center opening in Cork.
Prometric is proud to announce a successful 10 years of its EMEA Operations centre in Dundalk, Ireland, and the positive impact the region has experienced since the beginning of its partnership in 2011. Since Prometric chose Dundalk as the location for its European Headquarters, it has become a significant player in the North East region, employing 140 people that serve the company’s global client base.
Announcement comes as Yomali is looking to tap into Ireland’s immense pool of talent in the technology and BPO sectors
Growing esports portfolio prompts expansion of Riot’s global production footprint
1 in 7 Jobs Advertised Offering Remote Working Options
Latest Labour Market Pulse Reveals Key Insights
Today, Square, Inc. (NYSE: SQ), announced plans to expand its European headquarters in Ireland. Square is creating an additional 30 jobs in Ireland bringing the company’s total workforce to 150 employees.
The company has increased its recruitment target to 850 employees in the coming years
Announcement comes as company creates 100 New Jobs in Carrick On Shannon
IDA IRELAND notes today’s decision by Government to sign up to the political agreement at the OECD on a new tax framework.
Sendoso, the leading and category creating ‘sending platform’, has today announced the creation of 100 jobs at their European headquarters, which will be based in Dublin.
Global materials company Trinseo announces expansion into Ireland with opening of new office at Sir John Rogerson’s Quay
Increasing production capacity for veterinary monoclonal antibodies to support the ongoing commercial demand and pipeline of future veterinary mAbs
Global audio and video technology powerhouse chooses City of the Tribes as EMEA Centre of Excellence
Investment earmarked for new technology capabilities and jobs growth
West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, has created 60 new jobs in Dublin as part of establishing a new global finance shared service model here.
The new shared service model centralises West’s key finance activities in Dublin and Exton, Pennsylvania, to drive efficiency and support increasing company growth. The new center in Dublin includes various accounting and finance activities and will create greater scale and value for West’s global business and operations. West now employs over a thousand team members across Ireland, including its manufacturing facilities in Waterford and Dublin.
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.
The most noteworthy part of the Minister for Finance’s budget day speech from an FDI perspective, that differentiates it from all budget day speeches in recent memory, are the new commitments around our Corporation Tax rate. The Government’s decision announced last week, to increase Ireland’s corporate tax rate to 15% for the cohort of companies with global annual turnover in excess of €750 million clearly represents a significant change in Ireland’s tax offering to investors.
U.S. companies are increasingly engaging with organizations worldwide to push innovation in nanotechnology forward.
A new frontier for medtech is nanotechnology, which includes the thinnest material in existence, graphene, at one atom thick. Too small to be seen with the naked eye or even with conventional lab microscopes, nanomaterials are being used in some remarkable ways, such as ultra-small gold nanoparticles for tumor visualization and bio-imaging, a nanoparticle that can mimic HDLs -- the body's ‘good cholesterol’ -- and shrink plaque, and even minuscule particles that can replace needles to improve vaccine delivery, including for Covid-19.
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.
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