Minister Martin Announces €29m Euro In New Business For Irish Firms in Silicon Valley

Ten Firms Secure Contracts on Enterprise Ireland Trade Mission to
California

Silicon Valley, California: Ten Irish companies have secured €29m in new contracts  in  Silicon Valley during an Enterprise Ireland Trade Mission to California, according to the Minister for Enterprise, Trade and Employment, Micheal Martin, TD.

Among the deals announced during the Minister's visit were:
Cartrawler, the  Dublin-based  global  car  rental distribution system, is celebrating  a  momentous  month  of deals after securing a major agreement with US company, the Airline Reporting Corporation (ARC).

Daon signed a deal with NEC corporation a deal to launch and administer a multi-modal biometrical border control system for Japan.

SensL, a company that manufactures innovative new technology to detect low light have a deal with Jefferson labs.

Yougetitback.com announced a  significant  new  relationship with Arizona State University to protect the mobile assets of 65,000 students and staff.

Abaltat, which provides editing tools for professional soundtrack, creation has signed a deal with Boris Fx Media

Interactive   Services,   a  learning  specialist  company,  has  agreed  a
partnership with Palm, Inc to provide Palm with Interactive Services custom learning solutions.

Powervation,  announced  the  opening  of new offices in Palo Alto, Silicon Valley.  Powervation,  is  a University of Limerick (IRL) spin-out based on unique  power  control technology developed under the industry led research program in power electronics sponsored by Enterprise Ireland.

During  his  visit,  the  Minister also officially opened a new facility in Union  City,  California  for  Multis  Ltd and new offices in Palo Alto for Powervation.

Multis is a Galway-based global technology services and outsourcing company that  currently  employs  around  80  people  in  the US but which hopes to increase  this  number  to  more  than  100 by the end of the year.  Multis partners  with  some  of the world's premier IT companies including HP, Sun Microsystems and Network Engines.

Making these significant announcements, Minister Martin said:

"Investment  relations  between  the  US and Ireland had entered a new era, marked  by  a  dynamic  two-way  investment  flow.  Irish companies are now investing  more in the U.S. than ever before.  In fact, in the last decade, such  investment  has  increased  ten-fold, making Ireland the 10th largest investor  in  the  U.S. market. In the last 12 months, Irish companies have opened 47 offices in the U.S.

"Multis  is  a  tremendous example of the ambition, ingenuity and hard work that  has  led  to  this shift in the Ireland-US bilateral investment flow.
Given  the rapid growth of this innovative company, I'm not surprised to be so soon participating in the opening of its new U.S. operations hub."

Tom Cusack, Director of the Americas for Enterprise Ireland added:

"The  fact that Irish companies continue to win significant new business in the US in spite of difficult economic conditions in the US market is strong testament  to  the  calibre  of  Irish entrepreneur, the global standard of their product offerings and their ability to compete in this market.

"The US  is  a  key market for our client companies and Enterprise Ireland remains  extremely committed to the growth of our companies in this market. It is now more critical than ever for companies to maintain a strong focus in   this   market and  to  demonstrate  commitment  to  the  longer  term opportunities."

For further information please contact:

Click here to eMail this person

Ciara O'mahony

Press Officer, Enterprise Ireland

tel: 01 808 2284

 


Last updated 28/3/2008