29 January 2013

IDA Ireland: Six emerging companies create 147 new jobs in Cork and Dublin

29 January 2013 - Minister for Jobs, Enterprise and Innovation, Richard Bruton, TD, today, announced the creation of 147 new jobs for Dublin and Cork from 6 companies, from both the US and Europe, currently undergoing high-levels of growth. The investments are supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland. 

The new jobs are to be spread across a range of sectors including ICT, medical technology, financial services and digital media. The companies making the announcements are:
  • 10Gen which is to create 40 jobs in Dublin with the establishment of its European headquarters. 
  • Etsy, Inc., the leading online marketplace for handmade and vintage items, is to establish a new EMEA headquarters in Dublin. 
  • Loop1 Systems Inc. which is to create 17 new jobs in Cork with the establishment of a sales, customer support and technical centre providing training and professional services to multinational companies using the SolarWinds Suite of software. 
  • Whitehouse Analytical Labs, an analytical testing facility, has chosen Ireland for its first round of international expansion, and is to create 35 new jobs in Cork. 
  • IMSTech Gmbh, a provider of manufacturing solutions for the life sciences sector, is to establish a research and manufacturing competency centre in Cork with the creation of 35 highly-skilled jobs. 
  • PE Lynch, a producer of algorithmic trading software for banks and brokers, is to establish its European headquarters in Dublin with the creation of 20 new jobs 
In recent years, IDA Ireland has broadened and deepened its portfolio embracing not just large multinational corporations (MNCs), but also working closely with fast growth companies, who aspire to be the MNCs of the future. This focus is part of the Government’s Action Plan for Jobs and IDA’s strategy Horizon 2020. Today’s announcements represent the results of this focus. 

Making the announcement, Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said: “Part of the Government’s plan for jobs and growth is ensuring that we attract more fast-growing start-ups and emerging companies to locate in Ireland, so that they establish deep roots here from early in their growth and make a substantial impact on our economy. There is also of course the possibility that one of these companies will turn into a world-leading company of the future. Both Enterprise Ireland and IDA have key roles to play in this, and last year we established a joint EI/IDA management team to target more jobs from these areas.”

Welcoming the announcement, Barry O’Leary, CEO of IDA Ireland said, ‘Ireland’s reputation as a location for fast-growing business continues to go from strength to strength. These 6 companies announcing investments and job creation in Ireland today have come to Ireland in order to take advantage of our wealth of talent, track record as a location for FDI, technology capabilities and attractive rate of corporate tax. IDA looks forwards to supporting these companies as they grow and develop their Irish operations.’ 

Source: IDA Ireland