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Irish Examiner
03-07-2025
- Business
- Irish Examiner
Irish fintech Fenergo to create 300 jobs as part of €100m investment
Financial technology and security firm Fenergo is to create 300 jobs as part of a €100m investment at its global headquarters in Dublin. The roles are part of the Irish company's €100m Research, Development, and Innovation (RD&I) expansion plan, supported by Enterprise Ireland, as the company doubles its headcount in the country. Fenergo provides software as a service (SAAS) AI-powered solutions for companies, specialising in know-your-customer (KYC) and anti-money laundering compliance transformation for financial institutions. 'This investment and growth of our Irish operations reflect our confidence in the excellent talent pool we have in this country, and a market where innovative thinking, entrepreneurship and evolving technology will propel Fenergo to new heights,' said Fenergo founder and chief executive Marc Murphy. 'With AI at the core of our RD&I strategy, we are committed to delivering future-proof solutions for financial institutions in Ireland, across Europe, the UK, America, Middle-East and Asia - supporting them during times of intensifying geopolitical tension and regulatory uncertainty.' Recruitment for the new roles in Ireland are underway for a wide range of mid-level engineering and R&D positions. Fenergo is also rolling out a graduate programme to appoint up to 30 university graduates. Amid concerns over Ireland's dependence on foreign direct investment, Enterprise Ireland chief executive Kevin Sherry noted that Fenergo is an example of a domestic firm choosing to invest at home. Some 97% of Fenergo's revenue in the year ending March 2025 was generated from exported business. 'Ambitious companies like Fenergo embody Enterprise Ireland's mission that Irish owned, globally focused companies will be the primary driver of our economy,' Mr Sherry said. 'Fenergo, announcing 500 new jobs today, is a great example of an innovative Irish company growing customers, adding RD&I to drive forward AI powered solutions and creating an impact in global markets.' Enterprise, Tourism and Employment Minister Peter Burke said the announcement reinforces Ireland's position "as one of the largest and most important tech hubs in Europe".
Irish Examiner
23-04-2025
- Business
- Irish Examiner
Ericsson to invest €200m in Athlone research and development project
Swedish telecoms company Ericsson is to invest €200m over the next three years in a new research, development, and innovation (RD&I) project at its Athlone facility. Ericsson has had operations in Ireland dating back to 1974 when it opened its first factory here. It currently employs more than 1,300 people in Ireland, with the Athlone facility serving as the company's designated centre of excellence for intelligent network management. Ericsson said the project will underpin its development of 'world-leading capabilities' for the management of high performing, open programmable networks. "These capabilities are key to enabling communications service providers to improve operational efficiency, as well as accelerating the global deployment and value generation of 5G Standalone connectivity through differentiated offerings," the company said. Denis Dullea, head of Ericsson's Athlone site and network management engineering unit, said this investment "is a testament to our commitment to Ireland and confidence in our exceptional talent here". The company currently employs more than 1,300 people in the country primarily in its Athlone facility. Picture: Angel Garcia/Bloomberg The investment is supported by the Government through IDA Ireland. IDA chief executive Michael Lohan said that this investment "strengthens the long-term legacy of Ericsson in Ireland, building on the success of past investments spanning more than 60 years". "This RD&I project embodies cutting-edge innovation, exemplifies IDA's continued commitment to balanced regional development." The investment will focus on the Ericsson intelligent automation platform and network powered applications to automate radio access network management and optimisation. The company's open network management and automation platform for 4G and 5G radio access networks is largely designed at the Athlone site. The company added that this investment aims to deliver next-generation open network management and automation capabilities with AI, machine learning, and advanced analytics. Enterprise minister Peter Burke said the company's new project will improve efficiency in 5G networks globally adding that it is "really encouraging that Ericsson have once again cemented Athlone as key base for the company". Read More Apple and Meta hit out at EU over fines
