Research at UCC’s Cork Constraint Computing Centre (4C) has led to the creation of a new Irish spin-out firm with the potential for 30 new jobs. UCC’s Technology Transfer Office said today.
ThinkSmart Technologies has invented a system that mixes maths and artificial intelligence to analyse circumstances and speed up decision-making for companies in industry sectors from treasury management through to manufacturing.
The company has already secured a number of customers in the financial services, business process management and energy sectors.
The new venture is led by Dr Brendan O’Brien and Dr James Little.
O’Brien has 20 years commercial experience in the international software and consultancy sectors, and previously led a start-up to successful takeover.
Little is a leading researcher at 4C where he has led many applied industry projects over the past 8 years, prior to which he worked for in a technical capacity for decision support software companies in the UK.
O’Brien said: “This is a fantastic opportunity for us to bring excellent research from a world leading centre, package it and take it to market worldwide.
“We now have a world class technology that enables us to enter new and emerging markets with competitive advantages and a very high barrier to entry. We expect to recruit up to 30 highly skilled software, sales and marketing graduates over the next three years as the company develops. These will be high value, knowledge-based roles requiring specialised industry expertise or a postgraduate qualification including some PhDs.”
Subscribers 0
Fans 0
Followers 0
Followers