Industry & Business

Asystec set for US expansion on back of 50 jobs announcement

Asystec set for US expansion on back of 50 jobs announcement

Asystec set for US expansion on back of 50 jobs announcement
September 24
08:40 2015

The company. whose clients include EMC, Symantec and Cisco, plans to set up in Massachusetts initially.

Co-founder Brendan McPhillips told the Sunday Independent that his clients wanted the skills available in Ireland to also be available in the United States.

“I suppose a lot of these multinationals are used to – in Ireland particularly – being big fish in a small pond. In the US, they would be seen differently, even if they have large numbers of employees.

“The levels of service and expertise that they get here simply aren’t available to them in the US and we’ve had a number of our customers here say to us that if we were to bring similar levels of service and expertise to the US that they would very happily deal with us.

“The plan initially is to open in Massachusetts and that’s to follow a number of large customers that we would have that would be based there.

“But we’re already transacting business in places like Arizona and Colorado, again through relationships we have in Ireland.”

O’Neill said the move is likely to take place in the next six to nine months. He said the company would finance the move through existing funding channels – profits, AIB and Enterprise Ireland.

“We have discussed investors but I think there’s a feeling that we can manage the growth though those three levels of finance. Use the profits to fund future growth, use the bank where that is a short-term issue and then obviously Enterprise Ireland is supporting us in terms of the acceleration of a lot of that.”

Asystec was founded in 2011 and employs people in Limerick, Cork, Dublin, Belfast and the UK.

The company’s services include data analytics, storage and backup products and data-management services.

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