Even by the hyper-growth standards of the technology industry, Park Place Technologies stands out for its rapid recent rise. Last year, the company had its sixth successive ranking on the Inc. 5000 list of the USA’s fastest-growing private companies. In the past 18 months, it closed 10 acquisitions spanning Latin America, Asia and Europe.
Five of the top 10 companies on Forbes’ list of The World’s Most Innovative Companies have Irish operations. This underlines Ireland’s success in attracting cutting-edge FDI investment across a range of sectors. Learn how these sectors have evolved in Ireland and their ambitions for the future.
Internet of Things
Ireland has undertaken a significant programme of investment in communications and technology infrastructure, third-level institution linkages, property developments and transportation networks to drive the growth of industry hot spots throughout Ireland. Existing clusters in Medical Technology, Financial Services, Pharmaceuticals and Internet, amongst others, are already thriving as a result.
Increasing numbers of High Growth companies are locating in Ireland to scale up and internationalise their operations. The exciting commercial and creative mix on offer, together with a business-friendly environment and speed to market are key motivating factors.
The likes of IBM, PayPal and Ericsson have been based in Ireland for many years, and are among the many companies who have continued to invest in Ireland. This highlights how Ireland not only attracts multinationals, but helps them continue to expand their operations and move up the value chain. Find out more about some of the key high-value activities in Ireland.
Global Business Services
Research, Development & Innovation
High Growth Companies
Explore the current business landscape in Ireland and see what's happening on the ground now.
Maxim Integrated Products, Inc. (NASDAQ: MXIM) today announced the opening of a new design center in Dublin, Ireland. The design center will focus on product development and conducting research and development in the areas of analog semiconductor design to deliver Maxim’s innovative solutions across many end markets.
To make this vision a reality, the company will recruit a strong team of mixed-signal and analog design engineers at this facility. The $25M investment will be primarily geared towards recruiting talent, equipment and building costs, as well as research and development. Located on the south side of Dublin, this is Maxim’s seventh design center located in Europe.
LONDON, February 12, 2020 –Payoneer, the digital payment platform empowering businesses around the world to grow globally, announced today its continued global expansion with the establishment of a new office in Dublin, Ireland. This announcement, in conjunction with the Central Bank of Ireland (CBI) authorising the Dublin entity of the fintech unicorn as an Electronic Money Institution, demonstrates Payoneer’s commitment to being a reliable, secure and convenient partner for businesses all over the world.
The IDA Ireland organised forum, in association with the Financial Times, brings international and Irish financial industry leaders, regulators and policy experts together
A platform that could allow researchers to better understand Ireland’s wind and solar sectors has received funding from the SEAI. By developing the platform, UCD spin-in BrightWind believes it could help Ireland reduce its CO2 emissions.
Neither a robot nor an animal, xenobots use living cells to create a programmable machine that could one day clean up toxic waste. They are just 1mm across and can even heal themselves when damaged.
The US multinational and the Irish university have committed to a further five years of a strategic partnership that began in 2016. Coinciding with the renewed agreement, 15 science and engineering students were awarded UCD-Intel master’s scholarships.
A joint Danish-Irish venture will spend €300m developing solar farms in Ireland. Creating 1,000 jobs in the process, the farms are set to produce a total of 500MW of electricity using specially manufactured solar cells.
The 56th winners of the BT Young Scientist and Technology Exhibition were Coláiste Choilm students Cormac Harris and Alan O’Sullivan, who conducted research on gender stereotyping in young children and created an initiative to combat gender bias.
Google plans to acquire Dublin start-up Pointy, which has created a device that automatically lists a bricks-and-mortar store’s inventory online so customers can find local products. Pointy has raised $19.2m since it was founded in 2014.
Following a $75m Series C funding round, Personio will launch in Ireland and the UK, opening a new London office to support this expansion. Since it launched in 2015, the HR platform has raised a total of $130m.
Allergan plc, the global integrated biopharmaceutical leader headquartered in Ireland, today marked the opening of its €160m state-of-the-art Biologics 2 facility at its Westport Campus in Co. Mayo, Ireland. The new facility will create 63 jobs and enhance Ireland’s position as a strategic global hub for Allergans’ flagship products, including their botulinum toxin brand. This brings Allergan’s total investment in Ireland since it began operations in the country to more than €750m.
Monday, January 20th 2020 | 1000hrs | Dublin - IDA Ireland’s inaugural ‘Special Recognition Award’ recognising the contribution of our clients to Ireland was presented by An Taoiseach Leo Varadkar and IDA Ireland to Apple and accepted by its CEO Tim Cook, at a special ‘Looking to the Future’ event in the National Concert Hall this morning.
New York, Limerick, 17 January 2020: AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, today announces the opening of a business operations centre in Limerick, Ireland, creating as many as 100 jobs over the next five years. The office will be located in the National Technology Park in Plassey. The project is supported by the Irish Government through IDA Ireland – the agency responsible for the attraction and retention of inward foreign direct investment into Ireland.
The Letterkenny site really going places
Minister for Business, Enterprise and Innovation, Heather Humphreys and IDA Ireland, the Irish Government agency responsible for attracting foreign direct investment (FDI) to Ireland, today announced that employment levels in its client companies have now reached 245,096 - the highest ever number employed in the multinational sector, exceeding targets set by Government contained in IDA Ireland’s Strategy – Winning: Foreign Direct Investment 2015-2019.
NCAD is working with a consortium led by Galway-based medtech start-up Tympany Medical. Also working on the project are UCD’s Centre for Micro and Nano Manufacturing Technology (UCD-MNMT) and Shannon-based Gentian Services.
Six researchers in Ireland have secured a total of €12m in funding from the European Research Council.
DCU professor of history Dáire Keogh will succeed incumbent DCU president Brian MacCraith on 13 July 2020.
Irish folklore has gone interstellar after a Cork teacher was given the chance to name an exoplanet and its parent star after Bran and Tuiren. More than 360,000 proposals for names were received from more than 110 countries.
The list recognises the most talented entrepreneurs from different countries who are developing new technologies to help solve the problems that affect modern society. McGinn and his team of engineers developed Stevie, a socially assistive robot.
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