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Minister Mitchell O’Connor launches the Framework for Town Centre Renewal

The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD, has today launched the Framework for Town Centre Renewal.

Continue reading Minister Mitchell O’Connor launches the Framework for Town Centre Renewal

Fenergo to Deliver 200 New Jobs to Support Global Growth

Fenergo, the leading provider of Client Lifecycle Management software solutions for investment, corporate and private banks, has today announced the creation of 200 new jobs due to rapid global expansion, bringing its total global employee base to 500.

The new positions, supported by the Department of Jobs through Enterprise Ireland, are across many areas of the business – Product Management, Software Engineering, Implementation, Consulting and Marketing. Recruitment will begin immediately with all positions to be filled over the next 12 to 18 months.

Speaking at the jobs announcement event held in its global headquarters in Dublin’s Docklands, Marc Murphy, CEO, Fenergo, said, “I am delighted to announce the creation of 200 new high value jobs for the Irish economy. The demand for Fenergo’s Client Lifecycle Management technology solutions is global and immediate, driven by regulatory change and banks’ desires to be able to comply fully with new and enhanced regulations, whilst achieving operational cost efficiencies and delivering superior client experiences. We anticipate continued significant growth across all of the regions we serve – Americas, Europe, UK, APAC and the Middle East – over the next 36 months.

“To help us meet this global demand, we are looking for the smartest, most dedicated and talented people to join the team to help us continue to improve this world-class business that we have built. By joining the Fenergo team, this new talent will be part of a journey to build a global Irish technology company that is at the forefront of developments in robotics and artificial intelligence for financial technology.”

With ambitions to IPO the company by 2020, Fenergo is well on its way to achieve this given its considerable growth over the last five years, averaging over 100% year-on-year. During this time, Fenergo has signed significant new named deals with world-leading financial institutions, including HSBC, UBS, BNY Mellon, Scotiabank, Bank of Montreal, BBVA, Westpac, RBS, RBC, SunTrust and Nikko Americas. The company is also expecting another stellar sales performance this year.

Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD added:
“I am delighted to join the Fenergo team today in its new global headquarters in Dublin to celebrate the announcement of 200 new high tech and professional jobs. Over the last five years, Fenergo has become an indigenous Irish success story, achieving phenomenal global sales success and putting Irish Fintech and RegTech firmly on the global map. With the support of my Department through Enterprise Ireland, the new jobs created marks a new wave of momentum and growth in the company’s future. The Government through Enterprise Ireland looks forward to continued engagement with Fenergo to support their growth and business development.”

Today’s announcement follows the rapid growth in employee numbers over the last few years. In January 2013, Fenergo employed 36 people. This will increase to 500 with the new job creation. The company has also opened six new offices across the world including New York, Boston, Sydney, Singapore, Japan and Abu Dhabi and relocated its Dublin, London and Boston headquarters to cater for its growing number of personnel. Most recently, the company took up residence in a 21,000 sq feet building in Dublin’s Point Village.

Minister of State for Financial Services, Eoghan Murphy TD, who was also in attendance at Dublin’s headquarters, said:
“An overarching objective of the Government’s IFS 2020 Strategy is to strengthen our indigenous Fintech sector as a source of high-value job creation. Approximately one-quarter of 2017 actions target this area. Fenergo is a great example of Enterprise Ireland’s policy of strategic investment, targeting areas such as RegTech. I have had the opportunity, across Asia and more recently in North America, to support Fenergo’s ambitious expansion plans. Today’s announcement is proof positive that an Irish company can compete and succeed on the global stage.”

Fenergo’s success and growth comes on the back of significant inward investment into the company. In August 2015, Insight Venture Partners and Aquiline Capital Partners together invested €85m in Fenergo. Fenergo is using this investment to expand its global footprint by opening new offices and increasing employee numbers across all regions, invest in its product and technology R&D and create a global partner enablement programme.
The company has also invested in creating a community of banks, with which it collaborates to align its regulatory and product roadmaps, and develop solutions that can transform compliance, data and client management operations into real, value-added processes.

Julie Sinnamon, CEO of Enterprise Ireland, said:
“We have been working with Marc and the team in Fenergo since 2009. Fenergo is fast becoming the industry standard for Client Lifecycle Management solutions for banks across the world and is a great example of an Irish Fintech company with global ambition. Our ambition is to help more Irish companies like Fenergo to compete and win sustained business in overseas markets. Enterprise Ireland looks forward to working with Fenergo to continue to support their growth ambitions as they expand their reach even further in global markets, strengthening their customer base internationally and continuing to create jobs here in Ireland.”

100 New Jobs for Cork as NGINX establishes EMEA Headquarters

 NGINX, Inc., the engine delivering sites and applications for the modern web, today announced an expanded international presence and new headquarters for EMEA in Cork, Ireland. As substantially more organisations move to the cloud, containers, and microservices, NGINX continues to attract strong worldwide adoption and now powers more than half of the world’s busiest sites and applications.

NGINX’s flagship commercial offering, NGINX Plus, extends open source NGINX with advanced features such as load balancing, web and mobile acceleration, security controls, application monitoring and management, and award-winning support for an enterprise-ready solution.

Currently, NGINX has more than 100 employees worldwide, and is set for continued rapid global expansion – with immediate plans for growth across EMEA centred around its new regional headquarters in Cork. The company plans to create over 100 jobs in its Cork office over the next three years in specialties including sales, marketing, finance, business development, software architecture, engineering, and research and development. The EMEA headquarters will serve to better support existing customers in the region, and will provide a base to reach new customers in high growth areas, including the UK, Germany, France, the Netherlands, and across the Nordics.

NGINX is supported by Ireland’s Department of Jobs, Enterprise and Innovation through IDA Ireland.

“Many of the world’s leading technology firms are expanding their presence in Ireland because of the availability of highly skilled talent, the quality of life, and its strong relationships across Europe – and NGINX is no exception,” said An Taoiseach (Irish Prime Minister) Enda Kenny TD. “We welcome NGINX for both the job and economic advancement it will bring to Ireland. The company is in the midst of incredible growth, with strong brand recognition throughout EMEA, making it a natural fit to have Cork as a launching point to the Irish market, and across the entire region.”

NGINX CEO Gus Robertson added, “With consumer expectations at an all-time high, organisations of all sizes are turning to NGINX to deliver their applications and websites with performance, reliability, security, and scale across cloud and hybrid environments. By launching our EMEA headquarters in Cork we’ll be able to better serve our customers throughout the region, empowering them to deliver the best possible web experience to their end users.” He continued, “beyond this geographical fit, Cork is strongly aligned in culture and attitude with the values carried over from our global headquarters in San Francisco, and we look forward to bringing in the best and brightest talent in the area.”

Casa Systems Establishes International Operations in Limerick


Casa Systems, Inc. (Casa), a worldwide leader in next-generation ultra-broadband access technology, announced today that it has established international operations in Limerick, creating 50+ new jobs over 3 years. The move will allow the company to support its continued growth internationally, bringing it closer to its European customers and acting as a base for non-US activity. Initial operations will include manufacturing, distribution, customer technical support and related activities. The company is also evaluating the potential for research & development opportunities in the future.

Welcoming today’s announcement, Minister for Jobs, Enterprise & Innovation Mary Mitchell O’Connor said: “This is a very exciting project and I am delighted that we are attracting cutting edge technology companies to regional locations and that Limerick will benefit from 50 quality jobs. This follows on from recent jobs announcements which show that there is a momentum growing for Jobs in regions around Ireland. Ireland’s growing expertise in the ICT sector and our commitment to ensuring that we can provide the requisite skills for companies like Casa Systems is clear for all to see. This company’s expertise is at the forefront of broadband developments and I wish the team at Casa the very best with their ongoing success in Ireland.”

The project is supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland.

The company will be located in the National Technology Park in Limerick, with close proximity to the University of Limerick.

Casa, a leading provider of fixed, mobile and Wi-Fi network solutions for ultra-broadband services, develops, manufactures and markets devices to enable cable operators to fully utilise interactive digital video and broadband IP services over cable networks. The company also develops edge solutions to address a variety of fixed and mobile converged solutions.

“Casa is very excited to establish operations in Limerick,” said Lucy Xie, Senior Vice President of Operations for Casa. “Workforce talent is always a key factor when selecting a new location. With a growing reputation for its highly-skilled technical, logistics and manufacturing talent pool, Limerick moved to the top of the list.”

CEO of IDA Ireland, Martin Shanahan said: “This is an excellent investment win for Limerick and the Mid West region, combining manufacturing and value-added services functions in what is a key regional location for us. Key to winning this project was the Mid West’s airport access, logistics services and a proven workforce for manufacturing and services activities. The arrival of Casa here will be valuable in terms of acting as an attractor for other such business to the region. I wish the company every success here.”

Minister Mitchell O’Connor opens Biopharma Engineering Dublin offices announcing 70 new jobs at firm


Minister of Jobs, Enterprise and Innovation Mary Mitchell-O’Connor T.D. officially opened the new Biopharma Engineering offices in Dublin today (Thursday) and announced the firm’s expected creation of 70 new jobs over the next 3 years to support continued growth at the indigenous engineering design firm.

Speaking at the office opening, Minister Mitchell-O’Connor said, ““I welcome the announcement that Biopharma Engineering is opening a new office in Dublin and bringing 70 highly skilled graduate jobs to Dublin and Cork. Biopharma Engineering is a great example of an Irish company that has excelled nationally and internationally in its market. One of my priorities as Minister is creating an environment where job growth can thrive right across the country. I am delighted to officially open these new offices which will serve the North, East and West of Ireland as well as UK and other international markets. I wish Richard and John and their team every success for the future.”

Headquartered in Cork, Biopharma Engineering was founded 10 years ago by John O’ Reilly and Richard Holohan, now employs 80 people and boasts an impressive client portfolio of leading global pharmaceutical and bioscience manufacturing giants.

“Our company has delivered capital projects worth more than €500 million for our clients, and we continue to scale in terms of markets, capabilities and ambition. The new Dublin offices will enable us to serve our clients better and ensure that we continue to deliver the highest quality engineering design solutions that our clients have come to expect from BPE,” said John O’Reilly, Director and Co-Founder, Biopharma Engineering.

BPE has doubled its workforce over the last 18 months, and has invested significantly in software and systems to serve the €100 Million large capital project arena. The company focus is to continue serving existing clients, repeat business with all of the major Pharmaceutical companies operating in Ireland while continuing to expand in the UK and looking to new market opportunities in Europe. Recruitment is currently underway for a number of roles in both Cork and Dublin offices, where the new jobs will be based.

Stephen Hughes, Manager, Construction and Cleantech, Enterprise Ireland added: “The reputation of Ireland as a supplier of high-end engineering services to the world’s pharmaceutical industries has been built over time through high levels of investment and continues to grow. Biopharma Engineering has developed its own reputation through winning many major contracts in Ireland and is now winning business overseas with targeted customers in a number of key markets. Enterprise Ireland looks forward to working with the company as it grows, expanding internationally as a key supplier of high-end engineering services to the Life Science & Pharmaceutical sectors and creating sustainable jobs at home in Ireland”.

SoftwareOne announces 100 new jobs for Ireland as part of €16m expansion


SoftwareONE has today announced a major expansion of its Irish operations, creating 100 new jobs in a move that will increase its workforce across Ireland tenfold over the next three years. The expansion is part of a €16m investment plan, supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.

Making today’s announcement, Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD, said: “Today’s announcement that SoftwareONE is creating 100 new jobs is great news for the country. We are all aware that Cloud Computing is a huge growth area and this company is at the cutting edge of this exciting development. SoftwareONE’s expansion builds on our success in developing a thriving software sector in Ireland over recent years following our investment in developing appropriate skills. All jobs created have a positive knock on effect for the wider community. I wish Mike Gersten and the team every success into the future.”

Established in 1985 and globally headquartered in Switzerland, SoftwareONE has over 30 years’ experience in software licensing with a local presence in over 80 countries. The organisation has over 25,000 clients and 3,000 employees across the globe. SoftwareONE first entered Ireland in 2011, opening an office in Mahon, Co. Cork, and is now expanding its Irish footprint with the opening of a new office in Blanchardstown, where the majority of the new positions will be based.

In a bold move from its well established roots in software licensing, SoftwareONE has developed the PyraCloud Platform – a new innovative cloud platform which provides customers with choice, transparency and control of their digital transformation agendas and moves towards the cloud. PyraCloud analyses existing on-premise software spend, helps extract technical and business transformation drivers, monitors consumption of cloud services and enables businesses to move to the cloud in a controlled and transparent way.

This innovative solution has led SoftwareONE to invite applications for a wide variety of roles including technical positions such as senior scrum masters, full stack developers, front end developers, test engineers and user experience experts as well as professionals in HR, finance, sales and administration.

Mike Gersten, SoftwareONE’s Global Innovations and Platforms Officer, said: “This is a very exciting time in SoftwareONE’s journey. We are a global leader when it comes to software licensing and now we have developed an innovative solution which offers seamless control of cloud solutions and services to our customers.”

Graham Quinn, SoftwareONE’s Global Lead for PyraCloud, remarked: “We’re delighted to be in a position to expand our Irish operations and I would like to thank the team in IDA Ireland for their ongoing support. I am very much looking forward to expanding our talented team and to continuing our global growth strategy.”

Martin Shanahan, CEO IDA Ireland, concluded: “Today’s announcement by SoftwareONE once again endorses Ireland’s position as a thriving global tech hub. Businesses that locate here can source excellent talent in a business-friendly English-speaking environment with a track record for investment, which is second to none. I wish SoftwareONE the continued support of IDA Ireland as it grows over the coming years.”

Recruitment for the new positions is now underway. For more information on the roles, please visit Interested candidates should email a CV and cover letter with details of positions of interest to James Covington; or call +44 (0)203 005 02 22 for a confidential discussion.

Minister Mitchell O’Connor receives the Low Pay Commissions Recommendation on the National Minimum Wage

 19th July 2016

The Low Pay Commission is recommending an increase in the national minimum wage of 10 cents per hour. In its second report a majority of the members of the Commission recommend that the appropriate rate of the national minimum wage should rise to €9.25 per hour.

The current rate of the minimum wage is €9.15. The minimum wage was last increased on 1st January 2016, following Government acceptance of the Low Pay Commission’s first recommendation, made in July 2015, that the rate increase by 50 cents an hour from €8.65.

In a report submitted to Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD, the Low Pay Commission sets out a range of data it has considered in recommending the increase. The Commission also sought submissions from interested parties and consulted directly with workers on the minimum wage and employers in relevant economic sectors. The Report relies on data available in the period up to 1 July 2016.

Minister for Employment and Small Business, Pat Breen TD said, “I also welcome the Report and would like to thank the Commissioners for their service in producing a full and comprehensive report.   I look forward as well to receiving the Reports from the Commission later in the year on the ‘Related Matters’ which they have been asked to study, namely the appropriateness of the sub-minima rates, which have not been reviewed since their introduction, and the reasons behind the preponderance of women on the NMW.

Both Ministers expressed their full support for the independent work of the Commission both in terms of the work it undertakes on an annual basis in relation to making a recommendation on the appropriate rate for the NMW and also for the work it is undertaking on related matters.  They also thanked all who had responded to the Commission’s call for submissions on the NMW, and those who had shared their experiences of employing minimum wage workers, or living on the minimum wage, in meetings with members of the Commission.

The report can be found on the link below


Docklands Innovation Awards 2016

I was delighted to be the Guest of Honour at the Docklands Innovation Awards last night in PWC.

Congratulations to Graham Byrne from Your Smiles Direct on winning Best Investment Proposal 2016 and a prize of €10,000.

All finalists were recent graduates of the Dublin Institute of Technology/IADT New Frontiers Programme and are innovative, hard working examples of entrepreneurs in Ireland.

DLR Local Enterprise Week

Starting a business is a viable career option in Dún Laoghaire-Rathdown and

 Local Enterprise Week offers valuable help and advice for new entrepreneurs

New start-ups and growing SME’s will have access to the cream of Irish and international business experience at the 30 events planned across Dún Laoghaire-Rathdown’s Local Enterprise Week from 7th-11th March.

Southside Partnership are running a series of daily workshops throughout Local Enterprise Week, from 10am – 1pm. These workshops, aimed specifically at people who are unemployed and want to know more about starting a business, will explore the following topics: Business Idea Generation; Introduction to self-employment; Introduction to marketing; Introduction to pricing; and Introduction to taxation. They will equip any aspiring business owner with valuable skills.

Loughlinstown Training Centre are also including a ‘start your own business’ taster module as part of their development programme which explores self-employment as a career option. The Dún Laoghaire-Rathdown Local Enterprise Office are running a free business information session on Thursday morning 10th March in Nutgrove Enterprise Centre.

Urging those potential entrepreneurs to take part in the Local Enterprise Week, Ms Dearbhla Lawson, Director of Economic, Community and Cultural Development, Dún Laoghaire-Rathdown, said that “being unemployed should not be a stumbling block for anybody who has a good, viable idea for a new business”.

“We’re encouraging anyone who is currently unemployed and has a business idea, to consider starting a business as a career option. Enterprise Week offers anybody, irrespective of their employment status, access to the highest quality advice, coaching and information from leading business people in Ireland. This is matched with the Local Enterprise Office’s range of programmes and funding opportunities to help the entrepreneur turn that idea into a viable business,” she said.

The Cathaoirleach, Cllr Barry Saul, said the events organised for Local Enterprise Week are responding to business surveys carried out for the Dún Laoghaire-Rathdown’s Local Economic and Community Plan 2016-2021.

“The business community asked for more opportunities to engage with stakeholders and to develop the county as a hub for small enterprises.  Dún Laoghaire- Rathdown County Council is committed to creating an ‘enterprise-friendly’ county for companies and individuals setting up or expanding their businesses and ultimately supporting the creation of more local jobs.”

The Local Enterprise Office has already supported hundreds of new enterprises. Local Enterprise Week March 7th-11th will showcase the wide range of supports available to Dún Laoghaire-Rathdown’s small business community, from grants to mentoring and from training to business advice. Don’t miss it.

Fianna Fáil’s manifesto deception puts jobs and the recovery at risk

Minister for Finance, Michael Noonan, today (Thursday), exposed Fianna Fáil’s attempt to deceive the Irish people with their manifesto.

Today Fine Gael published an analysis of the Fianna Fáil manifesto that exposed a black hole of €1.24 billion in its election promises.

Minister Noonan said, “Fianna Fáil want voters to think they’ve changed since they crashed the economy and destroyed 300,000 jobs.

“However they have been caught out trying to hide the cost of their spending promises by not making any provision for their commitment to increase public service pay.

“This reckless approach to politics will put jobs and our recovery at risk.

“The Irish people have worked too hard and sacrificed too much to hand power back to the same old Fianna Fáil. They still cannot be trusted to manage the economy on behalf of the Irish people.

“Fianna Fáil now need to admit that all their election promises are based on a lie and explain honestly how they intend to fund all their spending commitments.”