Industry & Business

Investment

HBAN to Boost Angel Investment to €25 Million Per Year By 2020

    HBAN to Boost Angel Investment to €25 Million Per Year By 2020

HBAN (Halo Business Angel Network), the all-island group responsible for the promotion of business angel investment in Ireland, plans to increase the amount invested in Irish start-ups by HBAN angels to €25 million per year by 2020. This will see HBAN increasing angel investment by 17% per year for the next four years.
A key focus will […]

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Ireland Has Relatively Strong Infrastructure With Some Sectoral Weaknesses

    Ireland Has Relatively Strong Infrastructure With Some Sectoral Weaknesses

A recent IMF Assessment evaluating Ireland’s public investment in infrastructure finds that infrastructure levels and management practices are generally well developed, but areas where improvements can be made have been identified. A number of recommendations have been made by the IMF and the process of addressing these recommendations is being implemented.
During July this year, an […]

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ProVision Secures a €1,000,000 Investment From Suir Valley Ventures

    ProVision Secures a €1,000,000 Investment From Suir Valley Ventures

Suir Valley Ventures, the entrepreneur-led venture capital fund, launched in February 2017, has, together with private investors, invested a combined total of €1,000,000 in ProVision Vehicle Cameras, a leading Internet of Things (‘IoT’) company focused on providing advanced fleet and driver management systems. This is Suir’s fourth investment and follows closely on the heels of […]

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Carrickfergus Aerospace Company Set to Grow

    Carrickfergus Aerospace Company Set to Grow

County Antrim firm IPC Mouldings is positioning itself for growth in the global aircraft interiors industry. The company has invested in new technology, a new IT system and is recruiting eight new jobs over the next 12 months to help sustain growth. The investment enables IPC to improve efficiencies in its processes, diversify into new […]

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€200k Investment in Innovative Smart City Solutions Across the Dublin Region

    €200k Investment in Innovative Smart City Solutions Across the Dublin Region

Smart Dublin, an initiative of the four Dublin Local Authorities to engage with smart technology providers, researchers and citizens to solve city challenges and improve city life, and Enterprise Ireland are serious about supporting entrepreneurs to solve city challenges and are delivering one of the largest smart city innovation programmes globally. Solutions will be tested to […]

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Enisca Group is Investing £1.5 Million to Support 2020 Growth Strategy

    Enisca Group is Investing £1.5 Million to Support 2020 Growth Strategy

Cookstown-based engineering services firm Enisca Group is investing over £1.5 million in its workforce, training and business infrastructure. This investment is to help maximise current opportunities within the power and water sectors in Great Britain and Ireland.
Plans are in place to recruit twenty-nine additional staff at Enisca and a further fifteen at its Group businesses by 2020. […]

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MetLife Opens World-class Global Technology Campus in Galway

    MetLife Opens World-class Global Technology Campus in Galway

MetLife, which is one of  the world’s leading financial services companies, has officially celebrated the opening of a new Global Technology Campus in Galway. With plans to employ approximately 200 skilled IT professionals when at full capacity, the new campus represents a major investment in the digital initiatives that will help MetLife transform its customers’ […]

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AYLIEN to Invest €2 Million

    AYLIEN to Invest €2 Million

Deep Learning and advanced Natural Language Processing are the core technologies at AYLIEN, a start-up that has announced new investment totaling €2 million ($2.35 million) and the creation of 70 jobs. The investment round has been led by the Atlantic Bridge University Fund, which invests in companies built from world-class research, along with existing investors SOSV […]

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Bio-marine Ingredients Ireland Welcomes Significant Enterprise Ireland Support

    Bio-marine Ingredients Ireland Welcomes Significant Enterprise Ireland Support

Having successfully completed a €4 million funding round earlier this year, marine foods ingredients firm, Bio-marine Ingredients Ireland (BII) has been further boosted with an investment of €750,000 from Enterprise Ireland. The company has just commenced full commercial production at its €12 million marine ingredients processing facility in Lough Egish, Co Monaghan. Fifteen of the […]

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European Commission to Invest €30 Billion in Research and Innovation Over Next 3 Years

    European Commission to Invest €30 Billion in Research and Innovation Over Next 3 Years

The European Commission has announced how it will spend €30 billion of the EU research and innovation funding programme Horizon 2020 during 2018-2020, including €2.7 billion to kick-start a European Innovation Council. Horizon 2020, the EU’s €77 billion research and innovation funding programme, supports scientific excellence in Europe and has contributed to high-profile scientific breakthroughs […]

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Novi Launches New ‘AirGap’ Data-recovery Service Following €120,000 Investment

    Novi Launches New ‘AirGap’ Data-recovery Service Following €120,000 Investment

Novi, the proactive managed service provider, has launched its new off-site data recovery service called AirGap following a €120,000 investment. The service will enable Novi’s customers to safeguard their data, providing them with business continuity back-up and ensuring against data compromise or loss. The investment includes development of new infrastructure and enhanced security.
Novi provides flexible […]

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Belfast SME’s Creating 55 Jobs in a £4 Million Investment

    Belfast SME’s Creating 55 Jobs in a £4 Million Investment

Invest Northern Ireland has offered eight companies in Belfast support to collectively create 55 jobs. The companies, from a range of sectors including software, construction, cybersecurity and consumer products are investing over £4million in the local economy.
Welcoming the investments, Moira Loughran, Invest NI’s Eastern Regional Manager, said: “The investments by these ambitious Northern Ireland companies […]

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Theravance Biopharma Opens New Corporate Office in Dublin

    Theravance Biopharma Opens New Corporate Office in Dublin

Theravance Biopharma, a diversified biopharmaceutical company specialising in the creation of medicines for patients suffering from serious illness, has opened a new corporate office in Dublin. The company plans to expand its Dublin employee base by hiring 30 highly-skilled professionals over the next two years in areas such as clinical development, finance, and technical operations.
An […]

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SEAI and OPW Partner on Energy Saving Pilot Programme

    SEAI and OPW Partner on Energy Saving Pilot Programme

The Sustainable Energy Authority of Ireland (SEAI) is working in partnership with the Office of Public Works (OPW) to help make government buildings more energy and cost efficient with the added benefit of making them warmer and healthier places to work. The Central Government Building Upgrade Fund, funded by SEAI and administered by the OPW, […]

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Ireland Signs Earth Observation Agreement With the European Space Agency

    Ireland Signs Earth Observation Agreement With the European Space Agency

Enterprise Ireland has signed a Technical Collaborative Arrangement with the European Space Agency. This Arrangement will provide the State with unprecedented access to the Copernicus Programme’s near-real time earth observation information. The data will be stored locally for research, commercial development and policy informing purposes. Enterprise Ireland co-ordinates Ireland’s industrial and research participation in ESA […]

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Launch of €6.7 Million Climate Change Research Initiative Led by University College Dublin

    Launch of €6.7 Million Climate Change Research Initiative Led by University College Dublin

The Government has officially launched the 5-year Acclimatize project (www.acclimatize.eu/), a new €6.7 million climate change research initiative, with Professor Andrew J. Deeks, President, University College Dublin (UCD). The project has been part-funded by the European Regional Development Fund through the Ireland Wales Programme 2014-2020.
The overall objective of the project, led by UCD in partnership with […]

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Guaranteed Irish Welcomes Support For Housing and Enterprise Development in Budget 2018

    Guaranteed Irish Welcomes Support For Housing and Enterprise Development in Budget 2018

Guaranteed Irish has welcomed measures in Budget 2018 to increase housing supply and support enterprise. However, the organisation cautioned that further measures are needed to adequately stimulate Ireland’s construction sector. Measures welcomed by the business membership organisation included a total allocation of €1.8 billion for housing in Budget 2018, the establishment of Home Building Finance […]

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Budget 2018 – CIF Welcomes Increased Investment in Infrastructure at Critical Time For Irish Economy

    Budget 2018 – CIF Welcomes Increased Investment in Infrastructure at Critical Time For Irish Economy

The Construction Industry Federation (CIF) has stated that the measures announced in Budget 2018 will help address the systemic weaknesses in infrastructure investment.
Tom Parlon, CIF Director General, stated: “The Government has taken significant steps today towards insulating the economy from externals shocks today with the announcement of a 17% increase of €790 million in public […]

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Budget 2018 – A Mixed Budget, Says JLL

    Budget 2018 – A Mixed Budget, Says JLL

Following the release of Budget 2018, JLL, the financial and professional services firm that specializes in commercial real estate services and investment management, has mixed views about some of the measures that were introduced. Whilst it is encouraging to see an overall drive for positive economic growth, there is concern about the impact that some […]

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TERMINALFOUR Survey Reveals Disparities in Digital Investment Among Higher Education Institutions

    TERMINALFOUR Survey Reveals Disparities in Digital Investment Among Higher Education Institutions

TERMINALFOUR, the digital marketing and web content management platform for higher education, has announced results of its Global Higher Education Survey which reveal large disparities in investment in digital by universities and colleges. These disparities are a source of frustration for web, marketing, recruitment and leadership professionals; more than one-quarter (26%) of respondents stated they […]

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Dragon Brand Foods to Drive Export Growth With New Investment

    Dragon Brand Foods to Drive Export Growth With New Investment

Strabane-based food manufacturer, Dragon Brand Foods is investing over £500,000 in jobs, innovation and a new factory with the support of Invest Northern Ireland. The company is due to begin construction on its new factory at Strabane Business Park as part of its plans to grow its business.
The company is also creating four new roles […]

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Bord Bia Investing in Opportunities in the German Food Market

    Bord Bia Investing in Opportunities in the German Food Market

Bord Bia is increasing its investment in the German food and beverage market as Irish exporters continue to look outside the traditional UK market to build business. Speaking recently at ANUGA, the biggest food fair in the world, where a record 34 Irish companies exhibited, the CEO Tara McCarthy outlined the strategic importance of the […]

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NPF recognises Ireland’s future is urban – Gov must back ambition with funding

    NPF recognises Ireland’s future is urban – Gov must back ambition with funding

The Government’s newly published draft National Planning Framework correctly recognises that Ireland’s future is urban – now that appreciation must be backed by ambitious investment in Dublin and Ireland’s other main cities, according to business organisation Dublin Chamber.
Dublin Chamber, which represents companies throughout the Great Dublin Area, commended Government on the production of the draft […]

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New part-time Fintech Programme for financial services professionals launched

    New part-time Fintech Programme for financial services professionals launched

NDRC, the investor in young digital companies, in partnership with Bank of Ireland, is launching a new early-stage, part-time fintech programme for professionals in the financial services sector.
With the sector attracting record levels of investment in Europe and the US, and growing here at a rapid rate, the potential for Irish startups to create transformative […]

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BioExel Accelerator Programme launches at NUI Galway

    BioExel Accelerator Programme launches at NUI Galway

The BioExel Accelerator at NUI Galway, supported by Enterprise Ireland, has been launched to further enhance the medical technology sector start-up ecosystem within Ireland and attract global talent to the Galway region. Other partnership sponsors for this Enterprise Ireland supported Accelerator are the Western Development Commission, the Galway University Foundation and the Bank of Ireland […]

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Tandem HR Solutions attracts €2m in Seed Funding, creating 40 new jobs

    Tandem HR Solutions attracts €2m in Seed Funding, creating 40 new jobs

Tandem HR Solutions, the Irish company which has developed a powerful new HR Tech solution to help organisations re-shape how employee performance is managed through driving enhanced coaching and feedback practices, has attracted €2m in seed funding from investors led by Frontline Ventures, along with ACT Venture Capital, Enterprise Ireland and angel investors.
The €2m investment […]

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Irish companies sign agreements on trade and investment mission to Singapore and Japan

    Irish companies sign agreements on trade and investment mission to Singapore and Japan

An Tánaiste, Frances Fitzgerald, Minister for Business, Enterprise and Innovation, is leading a five-day joint Enterprise Ireland/IDA Ireland trade mission to Singapore and Japan which started this week
On the first day of the trade mission, An Tánaiste and Julie Sinnamon, Enterprise Ireland CEO witnessed a number of Enterprise Ireland client companies sign agreements with Singapore […]

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97% of Irish SME’s planning to invest over next 12 months

    97% of Irish SME’s planning to invest over next 12 months

An overwhelming 97% of Irish SME’s are planning to invest in their businesses in the next 12 months, according to the latest Global Business Monitor published by Bibby Financial Services Ireland, a provider of financial support and funding solutions to Irish SME’s.
Irish SME’s have signalled that such investment will focus on up-skilling existing staff (77%), sales and marketing (63%), IT […]

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Dairygold opens new state of the art Nutritionals Campus in Mallow

    Dairygold opens new state of the art Nutritionals Campus in Mallow

Dairygold’s €86 million Nutritionals Campus in Mallow was officially opened on Friday 22nd at an event attended by An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald, European Commissioner for Agriculture and Rural Development Phil Hogan and Minister for Agriculture, Food & the Marine, Michael Creed.
Following the investment, the state of the art milk […]

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Credit ratings agency KBRA selects Dublin for European Headquarters

    Credit ratings agency KBRA selects Dublin for European Headquarters

Kroll Bond Rating Agency (KBRA) has announced its expansion into Europe with the opening of its European Headquarters in Dublin. The move is expected to create 100 new jobs over the next three years.
KBRA is a full service credit rating agency that was established in 2010 to restore trust in credit ratings following the financial […]

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NY’s largest health care provider partners with Irish companies Technopath and Salaso

    NY’s largest health care provider partners with Irish companies Technopath and Salaso

Leveraging its strategic partnership with Enterprise Ireland, Northwell Health has announced two new partnership agreements with Irish companies Technopath Clinical Diagnostics and Salaso Health Solutions Limited.
Northwell Health President and Chief Executive Officer Michael J. Dowling were in Ireland to formally announce the two deals together with An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald and Enterprise Ireland CEO Julie Sinnamon. […]

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Global insurer XL Group selects Dublin for EU insurance carrier business

    Global insurer XL Group selects Dublin for EU insurance carrier business

An Taoiseach Leo Varadkar and Tánaiste Frances Fitzgerald, along with IDA Ireland have welcomed the announcement by XL Group that it has selected Dublin as its preferred location for its principal European Union (“EU”) insurance company, XL Insurance Company SE (“XLICSE”).
XL Group has had insurance operations in Dublin since 1990, when it opened its first […]

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Irish Stock Exchange 2016 profits up 21% to €8m

    Irish Stock Exchange 2016 profits up 21% to €8m

The Irish Stock Exchange (ISE) plc has recorded another strong financial year with results published this week showing a 21% rise in profit after tax to €8m (2015: €6.6m). Revenues grew by 6% to €29.2m and total assets rose by 22% to €64.2m. With over 35,000 securities quoted on its markets from issuers located in 85 […]

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Official opening of LinkedIn’s EMEA HQ as company continues to grow in Dublin

    Official opening of LinkedIn’s EMEA HQ as company continues to grow in Dublin

An Taoiseach Leo Varadkar and Tánaiste Frances Fitzgerald officially opened LinkedIn’s new 17,650 sq m Europe, Middle East and Africa (EMEA) HQ at Wilton Place in Dublin yesterday. The new building is the first that LinkedIn has built outside the USA and is the result of an €85 million investment. The development was undertaken in order […]

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Ibec sets out business priorities for the North West

    Ibec sets out business priorities for the North West

Ibec has met with political representatives in the North West to set out the key investment and planning priorities for the region, as well as the measures required in the upcoming budget to support the region’s future growth.
Ibec North West Regional Director Terry MacNamara said, “Business will play a critical role in the future economic […]

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Graebel Companies to create 125 new jobs in Dundalk

    Graebel Companies to create 125 new jobs in Dundalk

An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald recently joined Bill Graebel, CEO of Graebel Companies Inc., to announce the official opening of the company’s newly established Europe Middle East and Africa (EMEA) Financial Shared Services and Operations Centre in Dundalk. The creation of 125 new jobs within the next three years […]

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Cork Chamber submits budget asks to Government

    Cork Chamber submits budget asks to Government

Cork Chamber has issued key recommendations to Government ahead of the annual budget. This comes after the Chamber asked its 1,200 members about the measures most wanted in the budget. In its submission, the Chamber includes a number of specific recommendations to improve Cork as a place to work and live. Among these are:

Urgent investment […]

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Automated Intelligence raises £1.5m investment

    Automated Intelligence raises £1.5m investment

Automated Intelligence (AI) has announced it has raised £1.5 million investment. The investment comprises of £1m from The Bank of Ireland Kernel Capital Growth Fund (NI), with the remainder provided by an existing private investor.
Currently employing 65 people, this round of funding will enable AI to expand into new geographical markets, building upon the success […]

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Corporate tax must be ring-fenced for capital investment

    Corporate tax must be ring-fenced for capital investment

Ibec has acknowledged the publication of the independent review of Ireland’s corporate tax code by Seamus Coffey. The group welcomed the analysis of the available evidence, and in particular a number of sensible recommendations. It cautioned, however, that some recommendations would require careful thought and further consultation in order to avoid any unnecessary negative impacts […]

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Bluebird Care announces new jobs

    Bluebird Care announces new jobs

Homecare provider Bluebird Care has announced that over the coming months, it will create over 370 jobs in its 26 offices across the country, growing its health and social care team by over 20%. Set up in Ireland in 2007, these new jobs will support Bluebird Care in the delivery of person-centred care to even […]

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Comtrade Digital Services helps airlines and banks target millennials with chatbot

    Comtrade Digital Services helps airlines and banks target millennials with chatbot

Software engineering services and solutions provider, Comtrade Digital Services, has announced that it has developed a flexible chatbot platform, Assisto. The platform, currently being used by airlines and banks, can securely process payments and requests via instant messaging apps such as Facebook Messenger, WhatsApp and Viber.
The software platform was developed by a team of Comtrade […]

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Construction starts on €233m Center Parcs Longford Forest

    Construction starts on €233m Center Parcs Longford Forest

Center Parcs was delighted that An Taoiseach Leo Varadkar joined Martin Dalby, CEO of Center Parcs for the recent Official Sod Turning Ceremony, marking the start of construction work on the €233 million development at Center Parcs Longford Forest, Ballymahon, County Longford. The milestone occasion was celebrated with local community, as well as representatives from […]

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Lakeland Dairies opens €40m expansion of milk powder operations

    Lakeland Dairies opens €40m expansion of milk powder operations

The Bailieboro facility is among the most advanced milk powder plants in the world and one of the largest such plants in Europe. The Minister for Culture, Heritage and the Gaeltacht, Heather Humphreys also attended, together with Alo Duffy, Chairman of Lakeland Dairies, the Board and regional committees of the co-operative and Group Chief Executive, […]

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Pure Telecom and open eir agree €35M infrastructure deal

    Pure Telecom and open eir agree €35M infrastructure deal

 Pure Telecom has announced that it has signed a €35 million deal with wholesale telecoms provider open eir. The two-year agreement allows Pure Telecom to offer almost two million potential customers high-speed broadband and phone services via open eir’s nationwide open access network.
As open eir rolls out high-speed fibre broadband across Ireland, the agreement will help […]

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€5 million bespoke Executive Development Centre opening at UCD Smurfit School

    €5 million bespoke Executive Development Centre opening at UCD Smurfit School

A new €5 million bespoke Executive Development Centre has been opened by Dr. Michael WJ Smurfit at UCD Smurfit School, marking the culmination of a five-year investment programme which has seen the creation of a world-class Executive Development offering in Dublin. This latest evolution at UCD Smurfit School ensures Dr. Michael Smurfit’s vision of Ireland […]

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Minister Halligan congratulates ENBIO on €1.5m win from Horizon 2020

    Minister Halligan congratulates ENBIO on €1.5m win from Horizon 2020

John Halligan, Minister of State for Training, Skills & Innovation has congratulated ENBIO, an Irish SME with facilities in Dublin and Clonmel, Tipperary on winning €1.52 million from the European Commission to develop a green alternative to the toxic chemicals necessary to coat metals.
Their work will be focused initially on the space sector but has […]

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Iarnród Éireann to seek innovative solution to prevent bridge strikes

    Iarnród Éireann to seek innovative solution to prevent bridge strikes

Iarnród Éireann Chief Executive, David Franks was joined by Enterprise Ireland’s Executive Director of Global Business Development, Kevin Sherry at Amiens St. bridge recently to mark the invitation for tenders for bridge warning, prevention and pre emptive systems/technologies for Iarnród Éireann.
This tender process was designed jointly by Iarnród Éireann and Enterprise Ireland through Small Business […]

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C&C to acquire stake in UK pub group

    C&C to acquire stake in UK pub group

C&C Group plc has announced that in partnership with Proprium Capital Partners & Admiral management, it has agreed to acquire the entire issued share capital of Admiral. The equity investment by C&C is £37m and represents 47% of the issued capital of Admiral. It will be funded from existing C&C facilities and Admiral will be […]

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EMR selected by Irish Water to upgrade telemetry networks in €1m deal

    EMR selected by Irish Water to upgrade telemetry networks in €1m deal

SCADA network and mobile telecommunications supplier, EMR Integrated Solutions has announced it has been selected by Irish Water to upgrade its telemetry networks in Waterford and Leitrim, in a deal valued in excess of €1m.
The upgrade plays a significant role in the battle against ‘unaccounted for water’, giving Irish Water greater monitoring capability and control […]

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€750k Enterprise Ireland fund opening for start-up applications

    €750k Enterprise Ireland fund opening for start-up applications

A Competitive Start Fund (CSF) competition worth up to €750,000 in funding from Enterprise Ireland will open for applications to early stage companies in manufacturing and internationally traded services on Wednesday 13 September 2017.
This is Enterprise Ireland’s seventh Competitive Start Fund in 2017 and is open to all sectors with a focus on agricultural, manufacturing, life […]

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EngageSmith invests €250,000 in development of Millennial Friendly Index

    EngageSmith invests €250,000 in development of Millennial Friendly Index

EngageSmith, the millennial specialist, has announced the launch of the Millennial Friendly Index that will certify how millennial friendly employers are. Designed with input from both millennials and industry, the Index is a software tool that enables organisations to increase millennial engagement and reduce attrition.
The Index rates organisations’ millennial friendliness across a range of criteria […]

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One51 earnings increase by 31% as Board agrees to recommence exploring IPO

    One51 earnings increase by 31% as Board agrees to recommence exploring IPO

Earnings at One Fifty One plc, a leading rigid-plastic packaging company, increased by 31.1% to €32.4 million in the six months ended 30 June 2017, on revenue which grew by 32.4% to €225.8 million when compared with the six month period to 30 June 2016. The increased revenues and earnings were primarily driven by strong […]

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Dublin offices drive Q2 investment

    Dublin offices drive Q2 investment

According to the latest quarterly report from BNP Paribas Real Estate, the continuing fall-off in the number of large commercial property assets being offered for sale in the Irish market saw turnover of €278 million recorded for the three-month period to the end of June.
While that level of transactional activity was low compared to previous […]

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Investment in infrastructure must be priority for government

    Investment in infrastructure must be priority for government

ISME, the Irish Small and Medium Enterprises Association, at the release of the CSO Earnings and Labour costs figures recently, called for greater investment in our public infrastructure and more cost competitiveness. The Association highlighted in its pre-budget submission the need for Government to target infrastructure at 4% of GNI and improve our cost competitiveness.
Average weekly earnings […]

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Top tech players invest €40m in Cubic Telecom

    Top tech players invest €40m in Cubic Telecom

Cubic Telecom, a global Internet of Things (IoT) connectivity platform company, has announced the close of a €40m Series C investment round. The new investment, which brings the total funding to €75m, is funded by four participants including previous investors Qualcomm Incorporated and Audi Electronics Venture GmbH, a subsidiary of AUDI AG. New investors include Valid Soluciones Tecnologicas SAU and Ireland Strategic […]

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New appointment at Ward Solutions

    New appointment at Ward Solutions

Information security provider Ward Solutions has announced the appointment of Orlagh Moylan as Business Development Executive. Orlagh’s key role will be to identify new business opportunities and build existing client relationships.
With over 12 years’ team management and commercial experience in the technology sector, Orlagh brings an understanding and depth of experience to her new position […]

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Construction of North-South Interconnector is vital – Ibec

    Construction of North-South Interconnector is vital – Ibec

Ibec has welcomed a High Court ruling in favour of An Bord Pleanála which should pave the way for the commencement of work on the long delayed but vital North-South Electricity Interconnector. It is time now for all TDs, political parties and other stakeholders to get behind this project and ensure its delivery as a […]

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Global medtech market to be worth €475bn by 2018

    Global medtech market to be worth €475bn by 2018

Ireland must seize the opportunities being created by the continued growth in the global medtech market, expected to be worth €475 billion next year. That will be the key message from more than 30 leading medtech professionals, including CEOs, Fortune 500 business leaders and international experts, at “Medtech Rising: The Irish Medtech CEO Conference taking […]

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