Tánaiste Announces €3.65m R&D Investment by Dublin Company Openet with Enterprise Ireland Support

35 High-Value Jobs Announced

The Tánaiste and Minister for Enterprise, Trade and Employment Mary Coughlan T.D. today (15^th March 2010) announced that Dublin software company Openet is to invest €3.65m in a major research and development programme with support from Enterprise Ireland.  The investment will see Openet create 35 new high-value jobs in Dublin over the next year.

The company currently employs 145 people in Ireland and the 35 new jobs are high-value positions including program managers, engineers and senior software engineers.  Recruitment for the positions is commencing immediately.

Making the announcement, the Tánaiste said:

 “I’d like to congratulate Openet on its latest expansion programme supported by the Government through Enterprise Ireland.  Openet is a scaling client of Enterprise Ireland’s, that is, the company has particular potential for rapid and steady growth to quickly achieve international scale and become a significant employer and global leader in their field.” 

“Ireland’s economic future is dependent upon sophisticated companies such as Openet achieving overseas success to secure jobs and growth at home.  Openet’s international footprint is growing fast with operations in the US, Kuala Lumpur, Sao Paulo, the UK and Australia.  This internationalisation is underpinned by the R&D being carried out in its Irish base which is now expanding with recruitment for 35 high-value positions.”

Niall Norton, CEO of Openet said: “As a growing Dublin-based company Openet is very familiar with the depth and breadth of local talent. We’re excited to be expanding our R&D operations in Dublin, which will assist Openet in quickly taking advantage of a number of new market opportunities based on our scalability and flexibility in handling ever-increasing volumes of real-time transactions.  The transaction processing and management Openet provides will only grow in importance as various network types and styles look to deliver new services, and our new hires will be crucial to fuelling our growth.”

“Internationalisation and growing our export sales is core to Openet’s growth strategy and, apart from supporting our R&D programme, Enterprise Ireland, through its overseas offices, provides high levels of support in our key markets including valuable introductions to key individuals and important local market knowledge.”

Enterprise Ireland’s Head of Scaling Greg Treston added:

“Openet has a strong track record in commercialising its R&D.  The company’s competitive edge against its bigger competitors is in its ability to provide its customer base with highly innovative and flexible products.  It is this commitment to R&D and customer focus that has enabled the company to scale rapidly and become a significant international player in its sector.” 

“Enterprise Ireland is delighted to support Openet’s continuing investment in R&D that will enable the company to build its customer offering and give further impetus to its ongoing scaling strategy.”

About Openet

Openet is a leading worldwide provider of event processing and transaction management solutions.  The Transactional Intelligence of the company’s solutions extracts increased value from diverse service provider networks, enabling rapid introduction of new services and reliable, cost-effective management of existing services.  Openet is focused on delivering best-in-class network edge solutions and specialised engagement processes that create business value from network activity.  A global company, Openet’s implementations include long-running engagements with the world’s leading service providers such as BT, Orange, AT&T and Verizon Wireless.  For more information, visit www.openet.com.

For further information contact:

Ciara O’Mahony, Press Officer, Enterprise Ireland 01 7272284 or 087 2043435

Andrea Kavanagh, Marketing Communications Director, Openet 01 620 4600 or 087 682 6664

Photographs will be issued by and are available from Fennell Photography 01 6689766

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