The latest news, announcements, articles and blog posts from IDA Ireland. Keep informed about Foreign Direct Investment in Ireland.
EquiLend, a leading provider of trading, post-trade, market data and clearing services for the securities finance industry, today announces the opening of its office in Dublin to serve European clients following Brexit.
Microsoft today announced that it is increasing its presence in Ireland through the creation of 200 highly skilled jobs across the company’s business units at its campus at One Microsoft Place. 100 of the roles are on the innovative engineering team which is working to support the development of new and emerging technology solutions, such as AI, for customers across the globe. Once this new wave of recruitment is complete, it will bring the total numbers employed by the company in Ireland to 2,200.
Dublin, Ireland and Union City, CA – Sep 12, 2018 - Minister for Communications, Climate Action and the Environment, Denis Naughten TD visited Smart Wires HQ in Union City, California today where the company CEO Gregg Rotenberg confirmed the opening of Smart Wires’ European Headquarters in Dublin, Ireland. Smart Wires will create 40 jobs in Europe over the next 3 years with 10 of the roles being filled immediately in Engineering and Business Development.
BioMarin International Ltd. is investing in a new Drug Product Filling Project at its Shanbally, Co. Cork facility. This project will allow the company to maximise the flexibility of the site with the expansion of the operational manufacturing capacity to meet the rise in the global demand for its therapies to treat rare genetic diseases that mostly affect children.
Sigmar Group to Open European Talent Hub in Tralee
Ireland’s first dedicated technological university was formally announced last month at Grangegorman in Dublin by An Taoiseach Leo Varadkar, TD.
CORK, IRELAND and SANTA CLARA, CA – July 30, 2018 DataStax, powering the Right-Now Enterprise with the always-on, distributed cloud database built on Apache Cassandra™, announced today the opening of a new office in Cork, Ireland and expects to create 30 jobs over the next 3 years with 10 of the roles being filled immediately in Finance and IT.
IDA Ireland welcomes today’s statement from Abbott in Donegal that it is to expand its existing manufacturing facility which will result in the creation of c.500 new jobs over the next number of years.
West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, today announced the official opening of its new Waterford, Ireland facility, a global centre of excellence for West’s advanced manufacturing network, and the launch of a new product line—Westar® Select. Customers and senior-level Irish government officials joined West at a ribbon-cutting ceremony to celebrate the facility’s opening and to recognise West’s ongoing commitment to improving patient lives through their products and services.
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that it intends to open a new office in Dublin, Ireland, to continue providing an authorised regulatory reporting service for clients in the EU27 and the UK as the UK advances towards a departure from the European Union (EU) in March 2019. DTCC offers a Global Trade Repository (GTR) service for over-the-counter and exchange traded derivatives reporting – the largest trade repository in the world.
Dublin – 16th July 2018, Minister for Business, Enterprise and Innovation Heather Humphreys TD today announced that, Cerner, a supplier of health and care technology and services, plans to significantly grow its Dublin hub for research and development. Working with the support of the Irish Government through IDA Ireland, Cerner will create 50 new roles focussed on R&D and the improvement of data intelligence and population health management for its European clients.
BD, a leading global medical technology company, today announced the creation of 85 new jobs for the Limerick region. The €21 million investment in BD’s new centre of excellence has already seen 100 jobs recruited for the facility in 2017 and early 2018. The announcement of these 85 additional positions will bring the total number of employees across BD’s two Limerick sites to 285.
SkOUT Secure Intelligence, a leading provider of cyber-security technology and solutions to businesses, organisations and SMEs, is creating 30 high-value jobs with the opening of its new EMEA HQ in Portlaoise, Co Laois. The US-based company, which was founded by Irish entrepreneur Aidan Kehoe, is locating its EMEA headquarters in Portlaoise.
July 9th 2018 – Athlone - Minister for Business, Enterprise & Innovation Heather Humphreys TD today announced that Neueda Technologies, a privately-owned IT Training, development and consulting services company headquartered in Belfast, is establishing a Software Engineering Hub in Athlone, Co. Westmeath, employing 200 staff over four years.
Expanded office space has capacity to nearly double the current team to 500 people
Office includes a range of innovative features to promote employee wellbeing, including a tech-free “hideaway”, a mothers’ room and a music room
Phibro Animal Health Corporation (Nasdaq:PAHC) today announced plans to establish a biotech facility producing a range of innovative animal health vaccines on the IDA Ireland Finisklin Business Park in Sligo, creating up to 150 jobs over 5 years.
On July 4, 2018 Tully Rinckey held an inaugural reception at Stephens Green Hibernian Club to celebrate the first step in their international expansion plans with the opening of their Dublin, Ireland office. As of July 4, 2018, Tully Rinckey has been approved to commence the practice of law by the Law Society of Ireland.
Intertrust Ireland has today announced that continued growth and additional service offerings have resulted in an opportunity to create up to 60 new jobs.
July 2nd 2018. Enniscorthy. INDOS Financial (Ireland) Limited, which commenced operations in Enniscorthy, Co. Wexford in December 2013, is expanding its operations centre in the town with a move to new premises and the creation of up to 15 new roles over the next two years. Headquartered in London since launching in 2012, INDOS has firmly established itself as the leading independent alternative investment fund depositary servicing over 115 funds across 70 clients.
Henkel Ireland today announced the opening of its new Innovation and Interaction Centre for Additive Manufacturing (3D Printing) in Tallaght.
Quidel Corporation (NASDAQ: QDEL) a provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems, celebrated opening its new Business Service Centre in Galway city today. The celebration marks the company’s first expansion into international facilities.
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.
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
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.
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.
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