FOLLOWING their acquisition earlier this year of a UK based recycling firm and raising significant investment capital, Limerick high-tech company AMCS has this week announced 100 new jobs for the region.
AMCS Group, based in Fanningstown, Crecora, raised €20 million in funding from the Ireland Strategic Investment Fund (ISIF), Insight Ventures and Enterprise Ireland in February this year.
The Limerick firm that supplies software and ‘on-vehicle technology’ to recycling and waste management firms went on and purchased Brady Recycling for an undisclosed sum.
The move meant that the AMCS Group could utilise the infrastructure to open a new global headquarters and create the new positions.
Entrepreneurs Jimmy Martin and Austin Ryan, who founded the company in 2002 said that the growth prospects of the firm can be realised with the continued show of support from its investment partners.
“Today’s announcement represents a major milestone for AMCS,” said Mr Martin, CEO and founder of AMCS.
“In addition to providing capital that will enable us to continue to grow and innovate for our customers, this further investment by two of our long-term strategic partners demonstrates their confidence in our business, strategy and team.
“This confidence is reflected in our plans to further roll out the most comprehensive cloud-based SaaS platform for the resource management, waste collection and recycling markets”, added Mr Martin.
The investment will be used for continued product innovation in AMCS’ suite of SaaS products and related technologies, to further accelerate the Company’s growth in North America, Europe and Australasia, and to expand AMCS’ SaaS Platform into adjacent vertical markets.
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