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:
 |
Ciara O'mahony
Press Officer, Enterprise Ireland
tel: 01 808 2284
|