Two Enterprise Ireland-supported Irish companies have made announcements regarding investment in research and development. Between them Sysnet Global Solutions and OpenJaw create 75 jobs in Dublin and Galway over the next two years. Both announcements were attended by Minister for Jobs, Enterprise and Innovation Richard Bruton.
Dublin-based information security and service company Sysnet Global Solutions is to invest €1.34 million in a major research and development (R&D) programme. This will see the company create 30 new high value jobs in Dublin and eight in their overseas network, by 2014.
The new jobs will bring total employment in Sysnet in Ireland to 111 by 2014 and global employment to 135.
OpenJaw Technologies is to create 45 new jobs over the next two years and invest €3.3 million in research.
OpenJaw delivers online retail technology and services to the global travel industry. The jobs will be created predominantly in the sales, engineering, development and product management functions, and will be located across its Dublin operation and its regional office in Galway. This will bring the total number of people employed by the company in Ireland to 151 by 2013 and its global head-count to 169.
OpenJaw enables travel companies such as airlines, online travel agencies, hotel chains and loyalty programmes to offer their products and services in the Internet domain. Its customer portfolio includes British Airways, Airmiles and SAS.
Gabriel Moynagh, CEO, Sysnet Global Solutions, said: "We are very excited about this next stage in our development and the many opportunities now available for us to continue to grow the business… Our clear ambition is to extend our global reach and we are confident that our services can compete and win in this growing worldwide market."
CEO of OpenJaw Technologies Kieron Branagan said: "Our growth strategy is aimed clearly on greater penetration of the global travel market. The R&D investment programme on which we are embarking will enable us to advance the development of our technology offering and continue to serve the business needs of Airline, Hotel Groups, online travel agencies and loyalty programmes. We see tremendous opportunities for on-going growth in the sector and look forward to continuing to drive the future of the industry."
Attending the OpenJaw announcement Minister Bruton said: "If we are to get out of this crisis and create the levels of employment we need, we must create an indigenous engine of economic growth. Indigenous companies provide proportionately three times more benefit to the Irish economy than multinational companies, and while FDI [foreign direct investment] will remain a crucial part of our economic strategy, I am determined to support high growth indigenous companies in every way possible."
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