Sligo firm Fastcom Telecom has invested €1m in a network upgrade, following a 30pc growth in its business services division last year. The company is now planning to create five new jobs for post-graduates at its Sligo Town base.
The independently owned telecoms provider Fastcom was set up in 2004 and gained a foothold in the residential market in the northwest since then.
Co-founders Ross Palmer and Conor Toomey said this morning that the €1m upgrade will encompass investment in cloud technologies and fibre connectivity.
The duo said the expansion would initially spawn five new high-skilled post-graduate jobs in networking and software, sales and management at Fastcom’s headquarters in Sligo Town.
"The stimulus for this investment is the growth we’ve experienced in the business market in the last year," said Palmer.
They said the company has expanded capacity to meet increasing demand from business customers and to extend the reach of its services, which include high-speed broadband, cloud connectivity via its FibreCloud range, hosted voice services, cloud software solutions and network design and build.
Fastcom now provides voice and data services to more than 3,000 business and residential customers.
Palmer and Toomey said Fastcom experienced a 30pc growth in the last year, gaining new clients, including the HSE, Donegal and Leitrim county councils, ProTek Medical and LotusWorks.
Fastcom Telecom employs 15 people in Ireland.
"We see great potential for growth in the business sector in particular, as companies move away from legacy telecoms systems and embrace the new, faster, high-performance IP network. We are well connected to Ireland’s main data centres and have excellent reach nationally," added Palmer.