FOLLOWING the announcement of more than 560 new jobs in Limerick over the past three weeks, the Limerick Post can reveal that a major US financial technology firm is in the process of setting up a dedicated data centre employing up to 100 workers on the outskirts of the city.
The NASDAQ listed electronics payments and banking company will open the new data centre later this month to serve the European, Middle East and African markets. The move is regarded by industry sources as a significant development which is likely to attract even more foreign direct investment to the Limerick area.
The firm accounts for $13 trillion in payments and securities transactions every day for more than 300 of the leading global retailers and 18 of the world’s 20 largest banks.
There has been a significant surge of US companies investing in region as the IDA reaps the rewards of long term engagement with leading multinational employers.
Last Monday’s announcement that Casa Systems will be creating 50 jobs over the next three years followed the arrival of Fazzi Healthcare, Ortec Inc and WP Engine who, between them, have committed to creating more than 500 jobs in the city.
Casa Systems are a world leader in ultra-broadband access technology and the new Limerick base will co-ordinate its non-US activity and bring it closer to its European customers.
Senior Vice President Lucy Xie said that workforce talent was always a key factor when selecting a new location and they were very excited to establish operations in Limerick.
” With a growing reputation for its highly-skilled technical, logistics and manufacturing talent pool, Limerick moved to the top of the list,” she explained.
IDA business development manager Niall O’Callaghan said that while the FDI market was very competitive, Limerick’s potential would be realised as more ‘Grade A’ office spaces come on stream.
Limerick Fine Gael senator Kieran O’Donnell said that he recent announcements add to the good news stories for Limerick.
“It once again shows the confidence companies have in locating here and the talented workforce we have on offer. The proximity of Shannon Airport is another factor for attracting companies to the region,” he said.
Mayor Kieran O’Hanlon paid tribute to the region’s third level institutions and said that their reputation augured well for more jobs announcements in the future.
This week, chartered accountancy firm BDO also confirmed that they will be adding 14 new staff to their Limerick operation.