December, 2013


22
Dec 13

Rupert Murdoch Pays €18m for Mark Little Company “Tracking Social Media”

Mark LittleFORMER RTE presenter Mark Little is celebrating after selling his social media company to Rupert Murdoch’s News Corp for €18m.

The former ‘Prime Time’ anchor and RTE Washington correspondent had a celebratory lunch yesterday with other investors following the sale of Storyful, which is believed to have netted Little about €6m.

While he is now a rich man, he admitted that he had a few narrow escapes and came close to closing the firm. “(The company) nearly went bust a couple of times; we’ve seen what it would look like to fail,” he told the Irish Independent yesterday.

Other early investors include serial technology backer Ray Nolan, who sold his Hostelworld business for €220m, and ‘Dragon’s Den’ star Sean O’Sullivan’s investment firm SOS Ventures. State investment outfit Enterprise Ireland and venture capital group ACT also invested in the business.

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19
Dec 13

Liberty Mutual to Create 150 Jobs in Dublin

David Long, chief executive of Liberty Mutual Group and Pat O’Brien, CEO of Liberty Insurance. Photo: Dara Mac Dónaill/The Irish TimesLiberty Mutual Insurance has bought out the IBRC stake in its Irish operation formerly Quinn Insurance.

The news follows an announcement by the company that it is to create 150 new technology jobs in Dublin.

The new jobs will be created over the next two years, and will be based at the company’s Blanchardstown office.

  • Liberty Mutual Insurance cuts 425 jobs

Liberty said the expanded IT operations in Dublin will support the establishment of an IT help desk, a security operations centre and a software engineering unit.

Liberty Mutual Insurance chief information officer James McGlennon said the decision to invest in Dublin reflected the quality of IT graduates and experienced professionals available to support future growth.

“Expanding our IT operations in this way strengthens our global software engineering and advanced development capabilities.”
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19
Dec 13

US Pharma Company Plans to Create 300 Jobs in Limerick

The 11.88 hectare sit in the Raheen Business Park in Limerick was previously owned by DellA US pharmaceutical company is planning to build a new production plant in Limerick which will create 300 highly skilled jobs over the next three years.

Regeneron Pharmaceuticals is seeking planning permission to locate on a 12-hectare site, previously owned by PC giant Dell, in the Raheen Business Park.

The project, which is supported by the Department of Jobs through IDA Ireland, would represent a major jobs boost for the Mid-West region.

New-York based Regeneron is one of the fastest growing biopharmaceutical companies in the US, and develops medicines for a range of illnesses including eye diseases and colorectal cancer.

The IDA has been working to attract its business here for four years.

The company is seeking planning to build its $300 million (€270 million) facility on the site, which has been vacant since 2009.

The project would involve a major refurbishment of existing buildings on the site as well as the construction of a quality control laboratory, which would transform the site into a biopharmaceutical campus.

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18
Dec 13

DCU Ryan Academy for Entrepreneurs Launched the Latest Edition of Entrepreneur Watch

Ann Horan, CEO DCU Ryan Academy, Vanessa Diaz, DCU Business School and Colm O'Gorman DCU Business SchoolDCU Ryan Academy for Entrepreneurs has launched the latest edition of Entrepreneur Watch, its analysis of entrepreneurial activity in Ireland.  Entrepreneur Watch:  Ireland or the Netherlands:  Which country is more entrepreneurial? illustrates the extent to which the Netherlands has overtaken Ireland in terms of business start-ups in the last 10 years.

Key findings of the report, co-authored by Professor Colm O’Gorman and Vanessa Diaz of DCU Business School, include the following:

  • In 2005, Ireland was ranked 1st of the EU-15 countries in terms of the rate of entrepreneurship, with the Dutch ranked 9th.  By 2012, this situation has been reversed with the Netherlands ranked 1st and Ireland dropping to 9th position.
  • The rate of new business start-ups in 2012 was 2 ½ times higher in the Netherlands than Ireland.
  • While Ireland ranks higher than the Netherlands in terms of ease of doing business and ease of starting a new business, the Dutch policy of reducing rules and regulations, reducing direct interventions targeted at business and diverting savings towards lowering taxes on business have produced an environment that is more business friendly and encouraging of start-ups.
  • Significantly more people in the Netherlands perceive entrepreneurship to be a desirable career choice while more Irish entrepreneurs report that their motivation is that there was “no better alternative”.
  • On a more positive note, more Irish entrepreneurs are in medium or high technology sectors and are more ambitious in terms of expectations of growing their business or developing into international markets.

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16
Dec 13

Enda Kenny’s Address to Nation.

Here is Taoiseach Enda Kenny’s national address Good evening.
Three years ago, Ireland entered a bailout programme.
This affected every household in our country.
In March 2011, you gave Tanaiste Eamonn Gilmore and me a mandate to fix the public finances, and to get Ireland working again.

Two years ago, this month, I said that retrieving our economic sovereignty was an important step in the plan to deliver on that mandate.

Since then – the people of Ireland and your government – have worked hard to deliver that plan. This has required very difficult decisions at home and tough negotiations abroad.

In 2011, the immediate and urgent priority had to be to stabilise the economy by tackling the enormous budget deficit and the banking chaos that we inherited.

We had to act decisively to show investors, and markets and our international partners that we were serious about fixing our economic problems.

This was tough – wages and services were cut, and new charges introduced. Many families have also had to face the devastating consequences of unemployment and emigration.

I know that many people are struggling to make ends meet. I also know that, for many of you, the recent improvements in the economic situation have not yet been felt in your daily lives.

But it is now clear that your sacrifices are making a real difference.

Ireland is now moving in the right direction. Our economy is starting to recover.

While we still have far too many people out of work, jobs are being created. While borrowing is still too high, our public finances are moving towards a sustainable position.

Internationally, our good name and our credibility have been restored. Thanks to these efforts, Ireland will exit the EU-IMF bailout tonight.

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16
Dec 13

Boost as 110 New Jobs Announced by Two Firms

Slainte HealthSheólogySlainte Healthcare and Sheology have revealed plans to hire 80 and 30 people respectively starting in the new year.

Slainte Healthcare will create 80 new jobs while Irish media outlet Sheology plans to launch 30 jobs in the coming year.

Slainte Healthcare, established in 2006, will create the new posts in software engineering, testing, business analysis, client administration, finance and marketing.

The company, which has its headquarters in Sandyford, Co Dublin, had already created 40 jobs in Ireland in the last year.

The healthcare firm currently employs over 90 people in Ireland, the Middle East, Australia and the UK.

Their product, Claimsure, is in operation in over 35 hospitals in Ireland and processes over €1 billion worth of health insurance claims every year.

Vitro, a new software launched by the healthcare group, allows hospitals to replace paper patient charts with electronic versions.

The system, which is in operation in hospitals in Australia and the Middle East, is now being piloted in Cork University Hospital.

Slainte Healthcare was nominated for Enterprise of the Year in the Business and Finance Enterprise of the Year Awards 2013.

Andrew Murphy, Chief Executive of Slainte Healthcare, said: “Our success is largely down to the fact that we relish solving seemingly intractable problems.

“Our aim is to understand at a very granular level the endemic issues in healthcare that we try to solve with our software.”

The news comes as Sheology announced 30 new jobs as part of an extension over the next three years.

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16
Dec 13

It is Working in Ireland

Eamon Gilmore, Tánaiste  (Deputy Prime Minister) and Minister for Foreign Affairs and Trade of IrelandToday Ireland leaves the three-year EU/IMF programme of assistance, our economy growing, our finances stabilised and unemployment coming down, writes Eamon Gilmore, Tánaiste  (Deputy Prime Minister) and Minister for Foreign Affairs and Trade of Ireland.

Our strategy is working in Ireland, and our people are getting back to work.

We are the first country in the euro area to exit such a programme and it is a significant moment not just for Ireland, but for Europe.

 

This crisis has been a test of national governments, of European solidarity and of the European project itself.  Today shows that while Europe needs to find answers to its critics, the critics must in turn recognize the real and substantial signs of progress, hard-won by our people.

The decision Ireland has taken to exit the programme without any further precautionary credit line is possible because of what we have achieved.  Competitiveness has been regained as costs and prices have risen more slowly than our trading partners.  We have made a budgetary adjustment equivalent to 18% of our GDP and introduced significant structural reforms.  We have regained the confidence of international investors.  We have funds immediately available to us equivalent to our entire funding needs in 2014.  From next year, we will have a primary budget surplus which means we are raising more in revenue than we spend on everything excluding debt interest.

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14
Dec 13

Glanbia to Create 90 Jobs in Dublin and Monaghan

ballyragget/glanbia, IrelandGlanbia, the global performance nutrition and ingredients group, this morning announced two new investments in Ireland that is set to create 90 jobs in Monaghan and Dublin.

Glanbia Consumer Products, owner of the Avonmore and Premier brands, will build a new UHT (ultra-heat-treated) facility to produce long-life liquid milk and cream suitable for export to emerging markets such as China, Europe and the Middle East.  The new facility in Monaghan is expected to be operational by early 2014 and will employ up to 40 people. It will manufacture a range of standard and fortified UHT milk and cream products, including export versions of Glanbia’s market dairy leading brand, Avonmore Milk.

The announcement follows increased collaboration between Irish and Chinese Government Officials, with recent visits to China by both Taoiseach, Enda Kenny and Minister for Agriculture Simon Coveney. China is active in seeking sustainable sources of quality dairy produce globally, to meet its growing domestic demand for dairy.

This investment is being supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland and the Department of Agriculture and Food and is part of an international business development Glanbia Consumer Products is undertaking.

In other corporate developments, Glanbia Global Performance Nutrition is locating its Europe Middle East and Africa (EMEA) head office in Dublin to support the international growth of its leading sports nutrition brand family.

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12
Dec 13

Firms Urged to Take Advantage as EU Offers €80bn for Research.

Irish EU Commissioner Maire Geoghegan-Quinn and Denmark's Minister for Education Morten Oestergaard at 'Horizon 2020'BUSINESSES are being urged to take advantage of a huge new EU funding programme which opens today, making billions of euro available to Irish researchers and companies at no cost to the taxpayer.

The programme, called Horizon 2020, will distribute €80bn over seven years to European research projects. It is 30pc larger than its predecessor, FP7.

Ireland played a key role in securing the Horizon2020, as political agreement was agreed under the Irish presidency in June this year.

The funding comes mostly in the form of straightforward grants, not loans. Unlike Enterprise Ireland, the funding is not limited to export-orientated companies, and carries looser eligibility criteria than Science Foundation Ireland grants.

The Government has doubled its targets for how much Ireland should receive in comparison to the last programme. Some 400 projects won nearly €600m from FP7 — recipients included Intel, IBM and Hewlett Packard, as well as a host of smaller businesses and academics — but the State is now targeting €1.25bn worth of awards. The funding favours partnerships between multiple companies and academics, particularly partnerships across several EU countries. Trade body Enterprise Ireland, which is responsible for supporting Irish applicants, will help interested companies find suitable partners.

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12
Dec 13

€1.25bn Research Funding Targeted

Horizon 2020 has been called Ireland’s billion-euro opportunity.

More than 2,000 scientists and researchers have attended the Irish launch of the EU’s seven-year scientific research and innovation fund.

European Commissioner for Research, Innovation and Science, Máire Geoghegan-Quinn said the total €79bn in funding was part of the EU’s plan to get people back to work by supporting jobs.

“First and foremost, Horizon 2020 will be good for Europe’s citizens. With its focus on delivering both economic and societal impacts, Horizon 2020 will tackle the issues that matter most to people: Stimulating growth and competitiveness, creating new and better jobs; and finding answers to our biggest societal challenges,” she said.

Ibec welcomed the announcement, saying the funding would help all businesses.

Its innovation executive, Aidan Sweeney, said companies need to be aggressive in going after the funding.

“Horizon 2020 is the largest EU research and development funding programme yet, with a 30% increase on the previous initiative. Ireland needs to take full advantage ofthe opportunities that this programme presents,” he said.

“We welcome the ambitious national target for securing funding of €1.25bn from this programme. We now need to ensure that the high level of engagement that the programme seeks to encourage by companies, particularly SMEs, is quickly realised and developed over its lifetime.”

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