October, 2013


31
Oct 13

Ireland ‘Capital of Digital World’

Taoiseach Enda Kenny TD rings Nasdaq bell  for first time in Ireland with Executive vice president NASDAQ , Bruce Aust, and Paddy Cosgrave, founder Dublin Web Summit. Photograph: Dara Mac Dónaill / The Irish TimesTaoiseach Enda Kenny  opening the New York’s Nasdaq stock exchange as part of the Dublin Web Summit 2013.

Taoiseach Enda Kenny declared Ireland the new capital of the digital world today during a massive internet summit in Dublin where thousands of visitors struggled to get online.

Irish tech start-ups announced multimillion euro funding deals as Ireland’s Dublin Web Summit swung into action.

Cork-based online security firm Trustev announced a $3m (€2.2m) seed funding round to finance the further development of its online fraud protection technology. The company, run by ex-Cubic Telecom executives Pat Phelan and Chris Kennedy, is being financially backed by US venture capital fund Greycroft Partners and by Irish investors ACT Venture Capital.

“We’re thrilled to have such a strong pedigree of investors who believe in our technology,” said Trustev co-founder Pat Phelan. “Our focus is on pushing the complexity of fraud into the background, allowing online retailers to concentrate on servicing their honest customers while we identify and eliminate the troublemakers.”

Phelan said that by the end of 2013, Trustev will be processing 10 million transactions per week for e-commerce companies.

Read [+]

Read [+]

  • Facebook
  • Twitter
  • LinkedIn
  • Google Bookmarks
  • Share/Bookmark

29
Oct 13

All Aboard the Startup Express to Dublin Web Summit

Specially chartered train to bring entrepreneurs and investors to Dublin Web Summit.

A specially chartered train will today bring more than 180 entrepreneurs and venture capitalists from Cork to the RDS for the Dublin Web Summit.

The train, dubbed the Startup Express, will leave Cork’s Kent Station at 4pm and head for the RDS, travelling along Dart lines once it reaches Dublin. It will arrive at Sandymount Dart station near the RDS at 7.40pm.

On board, passengers will have the opportunity to take part in a variety of networking activities on three specially designed carriages.

A speakers carriage will feature presentations from top entrepreneurs and business thinkers on a variety of topics, while a hardware carriage will feature Microsoft gadgets, tablets and mobile phones for passengers to try out.

Ten Cork-based startups will be given space on the startup carriage where they’ll receive mentoring from top accelerator TechStars, as well as some of Ireland’s most experienced entrepreneurs.

Microsoft Ireland managing director Cathriona Hallahan, Former Skype chief operating officer and current Mangrove Capital general partner Michael Jackson, VoxPro CEO Dan Kiely, Trustev CEO Pat Phelan and Naloot founder Noel Toolan will be among the speakers.

“The Startup Express was an idea that came to us and we never thought we’d have as much demand as it’s received,” Trustev chief executive Pat Phelan said.

Read [+]

  • Facebook
  • Twitter
  • LinkedIn
  • Google Bookmarks
  • Share/Bookmark

29
Oct 13

KPMG to Hire 60 Staff as Demand from Clients Grows

ACCOUNTANCY giant KPMG is to hire 60 new staff in a move it said was a “vote of confidence” that the Irish economy was recovering.

n a statement, the firm said it was looking to fill the senior positions in audit, tax and advisory to cope with growing customer demand.

The firm also confirmed it would be hiring 270 graduates this year as part of its annual graduate intake.

The firm, which claims to be the only one of the ‘Big Four’ accounting firms to operate as an integrated firm across the whole of Ireland, will take on staff in Dublin, Belfast, Cork and Galway.

Managing partner Shaun Murphy said the “signs of recovery are good and strong client demand in many areas means that we are looking to fill roles in the audit, tax and advisory areas of our business”.

Mr Murphy added that the high level of graduate recruitment was a “vote of confidence in the calibre of Irish graduates and testament to the significant job opportunities for graduates in Ireland.

“Signs of domestic growth and Ireland’s continued reputation as the location of choice for foreign direct investment mean that the demand for our services is growing in a number of areas,” he added.

Read [+]

  • Facebook
  • Twitter
  • LinkedIn
  • Google Bookmarks
  • Share/Bookmark

29
Oct 13

24 Jobs with Irish Sports Science Company

Rugby stars Jamie Heaslip and Kevin McLaughlin have invested in the company, which specialises in pre diagnosis of injuries.

Irish sports science company Kitman Labs has announced that it is to create 24 new jobs after it successfully raised €475,000 in a combination of private investment and matched funding from the Department of Jobs, Enterprise and Innovation through Enterprise Ireland’s iHPSU fund.

The jobs will be created over the next three years, as Kitman Labs expands their operations into the UK market. The company specialises in delivering athlete management solutions to elite sports organisations, with a focus on highlighting and predicting injury risk in professional athletes.

Through the creation of Injury Profiler, Kitman Labs have developed a system which highlights, manages and reduces the occurrence of injuries in professional sport.

Read [+]

  • Facebook
  • Twitter
  • LinkedIn
  • Google Bookmarks
  • Share/Bookmark

25
Oct 13

Patrick Joy of Suretank named EY Entrepreneur of the Year

Winners of the EY Entrepreneur of the Year  Kieran Fitzpatrick and Maurice Curran from Barracuda FX, Patrick Joy from Suretank, Brian Hogan from KSG and Special Award winner Denis Brosnan from Kerry Group. Photograph: Aidan CrawleyPatrick Joy of Louth-based manufacturer Suretank was last night named the EY Entrepreneur of the Year 2013 at a gala awards ceremony held in Dublin.

Headquartered in Dunleer, Suretank is the world’s largest manufacturer of cargo-carrying units for the offshore oil and gas industry. Holding a 62 per cent global market share, it is also the leader in the transport tank industry. It employs 600 people and has revenues of more than €68 million.

Mr Joy, the founder and chairman of Suretank, was presented with the Entrepreneur of the Year title by Mike McKerr of Ernst & Young.

“I’m absolutely flabbergasted. I must thank my employees at Suretank. Without them, the business would not be where it is today,” Mr Joy said upon receiving the award.

In a message to aspiring entrepreneurs, Mr Joy said: “You have to have ambition. You have to believe in yourself. No matter what you do in business, you’re going to have knockbacks.”

Read [+]

  • Facebook
  • Twitter
  • LinkedIn
  • Google Bookmarks
  • Share/Bookmark

24
Oct 13

Irish Call Centre Expansion Creates 250 Jobs

Call centre company Eishtec is to create 250 new jobs at its sites in Co Waterford and Co Wexford over the coming months.

The company was developed less than two and a half years ago after the closure of Talk Talk in Waterford in 2011.

Starting just nine employees, the firm has grown significantly and currently employs 700 staff.

The customer contact provider recently won a contract to provide smart phone technical support in Britain and is therefore increasing its staffing numbers.

Supported by Enterprise Ireland, the project’s recruitment drive has already begun and the positions are expected to be filled by next summer.

Read [+]

  • Facebook
  • Twitter
  • LinkedIn
  • Google Bookmarks
  • Share/Bookmark

23
Oct 13

Irish Firm’s €8m Mexico Deal to Create 30 Jobs

By David YoungA medical diagnostics firm has landed an €8m deal with suppliers in Mexico that will see its products used across the country’s clinics and hospitals.

President Michael D Higgins, who is on an official visit to central America, witnessed the signing of the agreement between Donegal-based Randox Teoranta and Central de Diagnostica e Industria.

The deal to bring the company’s “biochip” lab products to Mexico will create 30 new jobs at its manufacturing facility in Dungloe.

Biochip technology enables numerous tests for diseases, infections, or other substances to be carried out on one single blood sample.

Randox Teoranta is part of Northern Ireland- based Randox Laboratories group, which has been doing business in Mexico for 15 years and has 100 staff in the country.

The trade agreement was signed in the presence of Mr Higgins and Mexico president Enrique Pena Nieto at the Palacio Nacional in Mexico City.

Dr Peter FitzGerald, managing director of Randox Teoranta, said the presence of the heads of state would be a source of pride for the firm.

“We are honoured to have both presidents witness this new trade agreement and of course we are honoured to be working with Mexico,” he said.

“It was one of the first countries in the world to identify the benefits of our unique Biochip technology; it is a very progressive nation, we are a very progressive company, we appreciate this cohesion.

Read [+]

  • Facebook
  • Twitter
  • LinkedIn
  • Google Bookmarks
  • Share/Bookmark

23
Oct 13

500 Job Target Set by Irish Research Centre

TyndallAgreement signed by Tyndall Institute to help foster spin-outs.

A leading Irish research centre has put job creation at the top of its strategic plan along with the opening of spin-out companies and attracting non-exchequer research funding.

The Tyndall National Institute in Cork will also announce this morning a memorandum of understanding with Irish-based company PCH International to support the creation of new high-tech start-up companies in Ireland that can target global markets.

The institute hopes to create at least 500 jobs over the five years covered by its new strategic plan which covers 2013 through 2018. It has also set a target of attracting €20 million in non-State research support each year during the life of the plan.

Tyndall specialises in research into information and computer technology, particularly the development of new materials and advanced electronics. It plans to expand this remit by joining with other sectors including agriculture, health, medical devices and other areas to bring the “smart” technology inherent in ICT to others that can benefit from it, said its chief executive officer Dr Kieran Drain ahead of the launch in Dublin.

Read [+]

  • Facebook
  • Twitter
  • LinkedIn
  • Google Bookmarks
  • Share/Bookmark

23
Oct 13

Call for Mexican Companies to Invest in Ireland

President Michael D Higgins pictured with President Enrique Pena Nieto, President of Mexico at the Palacio Nacional in Mexico City yesterday, on the second day of the President’s 12 day official visit to Mexico, El Salvador and Costa Rica. Mr Higgins told his Mexican counterpart that the two countries “can further boost trade and investment” between them. Photograph: Chris Bellew /Copyright Fennell Photography 2013President Michael D Higgins says there is scope for further trade and investment between Ireland and Mexico.

President Michael D Higgins urged Mexican companies to consider reciprocating investments by Irish companies in Mexico and join US, European and Asian companies by investing in Ireland.

Speaking at a business breakfast in Mexico City, Mr Higgins said that Irish companies had taken “a foothold in this important and vibrant market of Mexico” but that they could do more.

“Significant opportunities remain for Irish businesses in Mexico. We also believe that there is unexplored potential in Ireland for Mexican businesses,” he said at the Enterprise Ireland-hosted event.

“I very much hope that more Irish and Mexican companies take up the reciprocal opportunities that exist to achieve mutual benefit for both countries.”

The President said that he had spoken to his counterpart, Mexican president Enrique Peña Nieto, about how the two countries “can further boost trade and investment between Ireland and Mexico.”

Irish companies such as Glanbia, Kerry Group, Randox Laboratories and Irelandia Investments, the investment vehicle of the Ryan family, founders of low-cost airline Ryanair, have invested in Mexico, Ireland’s 19th largest trading partnership which represents more than € 1 billion worth of trade.

Read [+]

  • Facebook
  • Twitter
  • LinkedIn
  • Google Bookmarks
  • Share/Bookmark

22
Oct 13

100 Alltech Jobs in Co Meath

Founded in 1980 by Dr. Pearse Lyons, Alltech has a global team of more than 3,000 employees in 128 countriesAnimal health and nutrition company Alltech is to create 100 new jobs in Dunboyne, Co Meath.

The new research and development facility focusing on animal nutrition and health was opened on Friday by Alltech founder and CEO Dr Pearse Lyons, his wife and co-founder Deirdre Lyons.

Former EU Commissioner David Byrne was also present.

Alltech develops and manufactures natural feed supplements for the agricultural sector.

The jobs announcement will double Alltech’s workforce in Dunboyne from 100 to more than 200.

Fine Gael Meath East TD, Regina Doherty welcomed the announcement as ‘a great vote of confidence in the local workforce’.

“This facility is Dunboyne has gone from strength to strength since it first opened. Specifically, the newly expanded Bioscience Centre has trebled the capacity of the facility.

“As the centre for Alltech’s European operations, the new facility will play a major role in research, marketing and quality control. The company has invested more than €10 million in this expanded venture, which illustrates its commitment to this Dunboyne location”.

-Regina Doherty TD

Read [+]

  • Facebook
  • Twitter
  • LinkedIn
  • Google Bookmarks
  • Share/Bookmark