Over 300 jobs are to come on stream at a research facility in County Kerry over the next four years.
Financial technology firm Fexco is opening a new 21 million euro centre in Killorglin.
The company is owned by a family from the area and currently employs 125 people.
Commenting on the announcement Denis McCarthy, CEO of Fexco said:
“This new building signals our commitment to providing world-class innovative fintech solutions to a global audience as well as supporting our local community, through job creation and local investment.
"Since our foundation in Killorglin in 1981 we have been able to grow our business to employ over 2,500 people in 29 countries, whilst keeping our headquarters and the driving force of the business at home here in Kerry.”
The new announcement includes:
- Fexco’s Research Development and Innovation Centre to collocate with RDI Hub, a design-led digital innovation hub
- 125 Fexco staff to be based in centre and RDI Hub to create 305 new jobs by 2024
- Building dedicated to renowned Stanford University computer scientist John McCarthy
- State of the art 57,000 sq ft building replaces manufacturing plant closed in 2012
Julie Sinnamon, Chief Executive of Enterprise Ireland said:
“The new building Fexco has constructed here in Killorglin is a symbol of the diversification of the economy of the region from its past to a new high-tech future."
"Fexco and RDI Hub will help strengthen the Southwest’s position as a globally connected financial services and ICT skills hotspot, providing high quality jobs and supporting innovation and entrepreneurship.”