Dublin information security and services company Sysnet Global Solutions will create 30 new jobs in Ireland, as well as eight more in its overseas network, by 2014.
The jobs are being created as part of a €1.34m investment in a major research and development programme supported by the Government through Enterprise Ireland.
The programme will expand its software development operations in Dublin and will invest in the development of its existing compliance management system to meet the changing needs of its clients.
“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,” said Gabriel Moynagh, VEO at Sysnet Global Solutions.
“The Sysnet brand is recognised globally as a leading provider of information security assurance and payment card industry compliance services. 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,” said Moynagh.
Sysnet was established in 1989 and provides information security and services worldwide to banks, government departments and acquirers. The company will grow its total employment in Ireland to 111 by 2014 as a result of the new jobs.
“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,” said Minister for Jobs, Enterprise and Innovation Richard Bruton, announcing the new jobs at Sysnet’s headquarters in Carrickmines, Dublin.
“Indigenous companies provide proportionately three times more benefit to the Irish economy than multinational companies, and while FDI will remain a crucial part of our economic strategy, I am determined to support high-growth indigenous companies in every way possible.
“Sysnet is a dynamic Irish tech company operating at the cutting edge of its sector, engaging in R&D and innovating, and today’s announcement that it is investing and creating further jobs is great news.
“In the forthcoming Action Plan for Jobs, the Government will be implementing further measures to support the indigenous companies of the future so that we can accelerate their expansion to create the jobs we so badly need,” he said.