Avego will expand its facilities in Kinsale, Co Cork, seeing the company undertake a major R&D investment programme and creating 35 new jobs over the next three years.
Supported by Enterprise Ireland, it was announced during an event when the Minister for Enterprise, Trade and Innovation Batt O’Keeffe TD opened the newly expanded facilities for the company.
Avego provides software and hardware solutions for improving the efficiency of passenger transport. It has offices in Dublin, China and the US.
Its real-time information systems make transport options available to passengers and allow extensive management capabilities for transportation providers. The company employs 55 people worldwide, with 35 in Ireland.
The investment programme will see the company expand its R&D operation and overseas presence. Avego exports more than 85pc of its output and it expects this will grow to more than 90pc over the next three years.
"Avego is the kind of outward-looking export-driven firm that the Government, through Enterprise Ireland, is anxious to help grow and generate jobs at home,” said O’Keeffe on the announcement.
“Clearly, the firm’s focus on innovation and service capacity is helping it to absorb more business from a global client base in a competitive market.”
“We have seen in this period of global economic uncertainty that firms that invest in research and development and produce products more competitively are the same firms that held or increased market share and jobs,” he said.