Press Release 30 Aug 2016

se2, the leading third-party administrator for the North American life and pensions industry, announces the launch of its new operations in Waterford, Ireland to support its business growth with the official opening of its bespoke offices on the IDA’s Technology Park. The company has an existing fulltime team of 70 and hope to fill out its 135 seat office space over the next 3-4 years.  There are currently opportunities to join the existing team for both experienced professionals and for those wishing to start a career working on se2’s award winning technology platforms.

The project is supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland. 

Speaking at the event, the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’ Connor said: “It is great to see se2 growing its company and expanding its workforce in Waterford.  I am delighted that this project is supported by my Department through IDA Ireland.  The South-East is now the fastest growing region outside of Dublin.  As Minister, my priority is to ensure an environment for job growth is developed right across the country and in particular in the regions of Ireland.  Having such a highly regarded company as se2 in Waterford is a great boost to the region and will help us attract other high growth tech companies here.  I want to wish all at se2  continued success.” 

Gautam Thakkar, CEO, se2 commented: “To open our offices in Waterford is an important milestone for se2. This is a sign of our continued commitment to the region, which is an important hub for our global service delivery model, and we are excited about this investment in our business.”

Janet Dulohery, VP and Head of Human Resources, se2 commented on the success of the firm to date: “Over the last number of quarters, we have built a strong and experienced team in our Waterford office. We are proud to consider ourselves a firm fixture in the Waterford business community.  Importantly, we are still interested in hearing from ambitious people, who are similarly enthused about making a real impact on the US life & pension industry.”

Speaking at the event, the Minister for Training, Skills and Innovation John Halligan T.D., said: “I'm delighted to see that se2 is expanding and creating jobs in Waterford.  It is very positive to see that recent CSO results are showing that the South-East of the country is a growing region and is now the fastest growing region outside of Dublin.  I am keen to see continued job growth in the South East with full time sustainable job growth my number one priority.  Se2 expanding in Waterford is a vote of confidence for the region and the talented workforce in the area.  I wish se2 and its employees the very best for the future and I commend them for their commitment to Waterford.” 

IDA’s CEO Martin Shanahan said: “It’s great to witness se2’s progressive growth as it grows its employee base in Ireland. se2’s success in Waterford is a further strong endorsement of Waterford and the South East region as an excellent location for IT business. I wish the company every success for the future.” 

About se2
se2 is the leading third-party administrator for the North American life annuity and pensions industry. Recognized for its innovation, se2 has an unmatched track record in optimizing back office operations to future-proof insurance companies. se2 combines peerless industry domain knowledge with a purpose built leading edge administration technology platform to enable insurance carriers to shift to a variable cost model. se2 helps clients launch products rapidly, improve efficiencies and maximize profits while dramatically improving the customers’ experience.  se2 supports more than 20 direct clients, represents more than 35 carriers in North America, and services more than 1,000 life and annuity products. se2 has approximately $100 billion in assets under administration and has been recognized as an industry-leading innovator.

Ellen Lynch
IDA Regional Communications, Press & PR Executive
ellen.lynch@ida.ie   087 4112084

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