Business and Leadership Ltd.

The Royal College of Physicians of Ireland (RCPI) has signed a memorandum of understanding with Indian multinational Tata Consultancy Services (TCS) with the aim of creating a large worldwide digital community of physicians. IT services brand TCS will now work with RCPI as its first Irish education partner to rapidly develop an online hub of Massive Open Online Courses (MOOCs). TCS was introduced to the heads of Ireland’s third level institutions by former Dragons’ Den investor and entrepreneur Peter Casey last November, and since then the company has been progressing the project swiftly on the ground. The Irish team were joined last week by the global head of Ion TCS…

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Grafton Group

Grafton Group plc said today that it has completed the acquisition of TG Lynes Ltd, a distributor of mechanical engineering products serving London and the south east region in the UK. The terms of the deal have not been disclosed. The company trades from a purpose built distribution facility in Enfield, North London. The products are used in commercial and public sector buildings, apartments and industrial processes. Grafton Group said the acquisition greatly enhances its coverage of this segment of the merchanting market and is a significant step forward that complements development of the Plumbase Industrial business.  Plumbase Industrial currently trades from 10 locations in the UK, having opened its…

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Suretank acquires majority stake in AmGulf Fabrication in the US

Co Louth engineering solutions provider to the offshore oil and gas industry Suretank has acquired a majority stake in US manufacturer AmGulf Fabrication for an undisclosed amount. The Louisiana-based company will be rebranded as Suretank USA with immediate effect. Having acquired a minority shareholding in 2013, Suretank developed “a strong working relationship” with AmGulf offering its full range of DNV 2.7-1 certified offshore tanks and cargo carrying units (CCU’s) from the company’s state of the art facility in Houma, Louisiana. “In pursuing our long-term strategy to build local in markets worldwide we are continuously looking for companies that help us to achieve this goal,” said John Fitzgerald, Suretank CEO. “The…

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Julie Sinnamon, Enterprise Ireland

The coming year will see continued growth in export markets, writes Enterprise Ireland CEO, Julie Sinnamon. During the closing months of 2014, barely a week went by without a significant new jobs announcement being made by an Irish company. These jobs are being created right across the board, from young, ambitious innovative start-ups to developed companies with strong brands and Irish MNCs that already have a well established foothold in international markets. Irish companies are really on the move and the one thing they all have in common is that this growth and job creation is built on the back of very strong growth in key export markets. Internationalisation is…

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James Fitter, CEO and Mark McCloskey, founder and president

Dublin-headquartered tech company Oneview Healthcare has been selected by Epworth HealthCare in Australia to help better manage its patient experience and empowerment programme at its Epworth Eastern facility in Victoria. Oneview Healthcare delivers a software solution that seamlessly integrates a hospital’s IT systems onto one high performance technology platform. It provides point-of-care access to those systems across all end user devices, including bedside terminals, TV’s, tablets and smart phones. Established in 2007, Oneview Healthcare has offices, Dubai, Sydney, Pittsburgh and San Francisco and commercial agreements with hospitals in US, Australia, Middle East and Europe. It announced on 15 December that it had completed a third round of equity funding, raising…

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Deirdre Somers ISE CEO and Dr Que Bo, executive vice president of the SSE

The Irish Stock Exchange (ISE) and the Shanghai Stock Exchange (SSE) have signed a memorandum of understanding (MOU) with the aim of developing a mutually beneficial relationship between the exchanges. “We will be looking at opportunities where our exchanges can leverage our respective strengths to further develop the financial services industry in Ireland, Europe and the People’s Republic of China,” explained Deirdre Somers ISE CEO. In 2008 the Central Bank of Ireland signed two MOUs with its Chinese counterparts, which enable Chinese investors to invest in Irish domiciled investment products. Dr Que Bo, executive vice president of the SSE, said this latest MOU would lay “a solid foundation” for exploring further…

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Openet creating 45 highly skilled jobs to meet global customer needs Pictured: Joe Hogan and Niall Norton

Irish technology company Openet said today that it is creating 45 new highly skilled jobs, 30 of which will be based at its global headquarters in Dublin. with the other 15 at its Asian hub in Kuala Lumpur. The roles include a number of graduate positions as well as senior technical and engineering positions. Openet provides software for global mobile phone and cable customers, designed to improve profitability by commercialising network activity. Its customers include AT&T, Sprint, Verizon, Bell and Vodafone. The expansion is being supported by Enterprise Ireland. “We are delighted to be in a position to increase our employee numbers, locally and globally, to meet the needs of our…

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Business and Leadership Ltd.

Irish gas and electricity supplier Vayu has completed the rollout of its MyVayu energy management portal as part of a multi-million euro investment to cater for its Irish customer base and expansion into the UK energy market. The online platform provides businesses with a suite of analytical tools to manage their energy consumption more efficiently and to optimise their electricity and gas procurement decisions. In business since 2003 when market deregulation was introduced, Vayu started out as a gas supplier to business customers and now supplies 22pc of Ireland’s largest natural gas business users. It launched its electricity supply business in 2007 and has seen its market share double each…

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Gerry Maguire, partner, Summit Bridge Capital, Larry Quinn, executive chairman, Accuris Networks and Michael Murphy, managing partner at Investec

Mobile technology company Accuris Networks is to double its workforce at its headquarters in D’Olier St in Dublin’s city centre from 30 to 60 following the completion of a US$15m equity funding round. In addition, it has announced the appointment of US-based industry veteran executive Jeff Brown as CEO. Under his leadership, Accuris Networks will broaden its presence in the North American market with the establishment of a new Silicon Valley office. The company already has two offices in the US, in California and Boston, as well as offices in Malaysia, Brazil and Tokyo. “With marquee customers and partners such as AT&T, Bell Mobility, Telus, GoGo, Cisco, HP and Alcatel-Lucent, Accuris Networks…

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The parliament building in Canberra

The economic relationship between Ireland and Australia is stronger now than at any time in our respective nations’ histories, delivering two-way trade of more than AUD$2.8bn a year, according to Paul Burfield, director Australia/New Zealand at Enterprise Ireland. Australia recently recorded its 23rd consecutive year of economic growth, largely thanks to its abundance of agricultural and mineral resources. Its attractiveness as an investment destination is based on this long-standing economic resilience, sound regulatory framework for business and stable political system, notes Burfield. “The Australian region has recorded remarkable and prolonged growth in exports by Enterprise Ireland client companies from a level beneath €90m in 2004 to almost €300m in 2013…

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