A Dublin-based information-security consultancy and services firm today announced a major expansion.
Sysnet plans to create 60 jobs over the next four years following the announcement of a €1.27 million investment. The move, which has Enterprise Ireland support, will allow Sysnet to expand its exports and opportunities in emerging markets, such as the Ukraine, Russia, the Middle East and Africa.
The investment is being backed through Enterprise Ireland’s Growth fund, which promotes the expansion of internationally trading companies through investments in staff, equipment and technology to increase competitiveness and encourage new exports.
Unveiling the investment, Tánaiste Mary Coughlan said: "Growing Irish exports is fundamental to Ireland’s economic recovery and this investment will propel Sysnet into its next wave of export growth by enabling them to access high-growth markets such as Russia and the Middle East.
“Internationally traded financial services is a sector identified in the Government’s Smart Economy Framework that can contribute significantly to the growth of Ireland’s output and employment over the medium term," she said.
Gabriel Moynagh, general manager at Sysnet, said: "We already have established relationships in more that 30 countries worldwide and this next stage in our international development will greatly increase our global footprint."
Sysnet was set up in 1989 as an open systems information technology company. Over recent years, it has diversified into the payment card data security market.