Sysnet Global Solutions expands operations with €1.34m R&D investment programme with support from Government
The Minister for Jobs, Enterprise and Innovation Richard Bruton TD today [Monday 16th January, 2012] announced 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.
Pictured are (L-R) Ciara Fitzpatrick, Enterprise Ireland, The Minister for Jobs, Enterprise and Innovation Richard Bruton TD, Gabriel Moynagh, Chief Executive Officer at Sysnet Global Solutions.
Minister Bruton made the announcement when he visited the firm’s headquarters in Carrickmines, Dublin, today. 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.
Making the announcement, Minister Bruton 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, I am 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”.
Gabriel Moynagh, Chief Executive Officer at Sysnet Global Solutions, said: ‘We are very excited about this next stage in our development and the many opportunities now available for us to continue to grow the business. The Sysnet brand is recognised globally as a leading provider of information security assurance and payment card industry compliance services. Our clear ambition is to extend our global reach and we are confident that our services can compete and win in this growing world wide market’.
Welcoming the announcement Joe Breslin, Manager of Financial Services at Enterprise Ireland, said: ‘Irish financial services companies continue to impress on the international stage, winning new business and creating new jobs for Ireland. Sysnet are right at the heart of this growth. With this ambitious R&D programme, they are making a clear statement about their commitment to being a leading international player in this sector. Enterprise Ireland looks forward to continuing to work with Sysnet on their growth and internationalisation’.
For further information contact:
Special Advisor to Minister Bruton
Tel. +353 1 6312218 or +00 35387 3743783
Department of Jobs, Enterprise and Innovation
Tel. +353 1 631 2200
Sysnet Global Solutions
Tel. +353 87 6243160.
Tel. +353 87 2043435.
Note to Editor:
About Sysnet Global Solutions
Established in 1989, Sysnet is a leading provider of information security assurance and payment card industry compliance services worldwide. Sysnet offers a range of professional security services, including its proprietary web based Compliance Management Solution (CMS), to a wide variety of businesses including Acquirers, International banks and government departments. Sysnet is a market leader in vulnerability management and audit and assessment consulting through the Payment Card Industry Data Security Standards (PCI DSS) program. Headquartered in Dublin, Sysnet has established relationships with Banks, Service Providers and Merchants in over 35 countries worldwide.