The latest news, announcements, articles and blog posts from IDA Ireland. Keep informed about Foreign Direct Investment in Ireland.
The global publishing consortium celebrates 20 years in Ireland with regional recruitment plans for roles in software development, publishing and application customer support
Toast, the fastest-growing restaurant manager platform in the U.S., today launched the opening of its new office in Dublin and officially announced plans to grow its headcount by adding 120 new roles focused on new product development for the company. The Irish site is the company’s first International Technology and Product development centre globally and was first established in 2017. Since then, the team has grown to over 40 staff members across engineering, development and support roles.
Stryker announced today the opening of its Digital Platform Services Centre of Excellence in Dublin, Ireland, and a strategic collaboration with RCSI (Royal College of Surgeons in Ireland) to develop digital solutions for use in emergency and specialist care settings to provide more seamless care coordination for patients suffering from time critical medical emergencies.
MessageBird, the Amsterdam-based cloud communications platform company, today announced that it is expanding its European operations with a new office in Dublin. Led by former Salesforce and Oracle executive, Roberto Marzo, the new office will employ up to 50 new positions over the next 2 years. Initial hires will focus on sales, customer success and support for MessageBird’s fast-growing European customer base. The Dublin office is MessageBird’s 4th office in Europe, and its 8th outpost worldwide.
An Taoiseach, Mr. Leo Varadkar T.D., today officially marked the completion of the landmark €233 million forest resort; Center Parcs Longford Forest. Following an almost two-year construction process Center Parcs Longford Forest has been delivered on schedule and within budget.
Center Parcs Longford Forest will add an entirely new dimension to Ireland’s tourism and leisure market with its all year round short breaks. The resort will welcome its first guests in Ireland in the coming weeks with final preparations underway in earnest.
Facilitates production of an oncology treatment for global markets puts Drug Substance, Drug Product, Packaging, Innovation and Quality Control all under one roof.
Natus Medical Incorporated announced today the expansion of operations in Gort, County Galway with an official opening of a new Distribution Centre Located in the IDA Business Park. The new Distribution Centre is a custom-built 22,000 square foot facility that expands the existing Natus facility in Gort to over 66,000 square feet.
Boston Scientific Galway has officially opened a new facility at its Ballybrit site. The expansion facilitates increased capacity to support global product demand and also includes an industry-leading Equipment Technology Centre. The new facility is at the site of the former Digital building and the company is investing €60M in this phase of development, with over 250 people expected to be based in the new facility by the end of 2019. Boston Scientific Galway has a workforce of over 3,700 people covering all aspects of product design & manufacturing exporting more than four million life saving medical devices each year.
IDA Ireland, the inward investment agency of the Irish Government has today reported a very strong first half of 2019 with 13,500 jobs approved – up 19% on the same time period last year.
LinkedIn, the world’s largest professional social network, has marked the milestone of growing its Irish membership to two million people by announcing that it is creating 800 new jobs which will bring its headcount at its Europe, Middle East, Africa (EMEA) HQ in Wilton Place in Dublin to 2,000 people by summer next year. The expansion is a result of ongoing growth of its business.
BD (Becton, Dickinson and Company), a leading global medical technology company, celebrated its 50th anniversary of manufacturing in its Dún Laoghaire plant.
The celebration was led by Minister of State for Higher Education and Dún Laoghaire TD, Mary Mitchell O’Connor, and senior leaders from BD and IDA Ireland. Opened in 1969, the site is central to the company’s global pen needle manufacturing operations, with more than 5 billion needles manufactured annually in Dún Laoghaire.
Stryker today announced that it is to invest over €200m in Research, Development and Innovation (RD&I) projects at three of its five Cork facilities as it continues its vigorous innovation journey to deliver next generation products and services across its Medical Surgical, Orthopaedics and Neurotechnology and Spine offerings.
Wix.com Ltd. (NASDAQ: WIX), a leading cloud-based web development platform, has added a Customer Support Centre in Dublin, Ireland to further enhance its global support infrastructure and international footprint.
Opus Fund Services today announced the official launch of its European fund administration business based in Dublin, Ireland. This follows a comprehensive application process resulting in authorisation by the Central Bank of Ireland under the Investment Intermediaries Act.
Launched in 2006, the Opus proprietary based technology offering continues to gain rapid traction. To date it has focused on the US market, adding 183 new funds across 133 new clients in 2018 alone.
Deem, a leading mobile and cloud software technology provider, today announced that it will create 50 highly skilled jobs at a new European Innovation Centre in Dublin. Deem’s expansion into Europe is part of a bold growth strategy that will see the company doubling its workforce around the world, including at its headquarters in San Francisco.
IDA Ireland today welcomed the news that Ireland ranks 7th (from 12th)of the 63 countries benchmarked in the 2019 IMD World Competitiveness Yearbook.
QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies announced today that it will expand its operations in Ireland and expects to create up to 40 new jobs between its Limerick and Dublin offices over the next three years, bringing the total number employed by QAD in Ireland to over 140. The development is supported by the Irish Government through IDA Ireland.
Allstate Sales Group Inc. (ASG), a provider of turnkey engineering and construction services to the telecommunications industry today announced it is to establish software development and CAD support centres in Ireland, at locations in Waterford and Sligo, creating 200 new jobs over the three years. It is the company’s first operations outside the US.
IDA IRELAND has launched a new report detailing the extent to which 5,000 jobs in the Customer Experience (Cx) sector in Ireland will be affected by technological and generational forces over the coming years.
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.
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!).
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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