Alex White TD welcomed the announcement that Sysnet Global Solutions, the Dublin information security and services company, is to invest €1.34m in a major research and development programme, supported by Government through Enterprise Ireland. This will see the company create 30 new high value jobs in Dublin and 8 in their overseas network, by 2014.
The new jobs will bring total employment in Sysnet in Ireland to 111 by 2014 and global employment to 135 by the same date.
Established in 1989, Sysnet is a leading provider of information security and assurance services worldwide. With this new research and development programme, Sysnet will expand its software development operation in Dublin and invest in the development of the existing compliance management system to meet the changing needs of existing and future clients. The company has continued to grow its international business over the past six years, and the new development will position Sysnet to build on its existing business and expand into new export markets.
Commenting on the announcement, Deputy White said:
“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. 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, the Government are 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”.