Accuris Networks to double Dublin workforce to 60 following US$15m funding round

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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Doing business in Australia: key insights and overview

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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Taoiseach opens Primark’s Alexanderplatz store in Berlin

Taoiseach opens Primark's Alexanderplatz store in Berlin

An Taoiseach Enda Kenny TD has officially opened Primark’s new store in Alexanderplatz in central Berlin in Germany. Creating 800 jobs, the opening marks Primark’s second store in Berlin and its thirteenth nationwide, having entered the German market in May 2009 with its debut store in Bremen. The total number of people now employed by Primark in Germany stands at over 6,100. With a surface area of 56,300 sq ft (5,230sqm) over 3 floors, the new store houses fashion for women, men and children, to jewellery, shoes, accessories and a selection of fashion for the home. “The international success of Primark represents the constant innovations in retail and commercial expansion…

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Doing Business in Turkey: Overview and Insights

Doing business in Turkey

Over the past ten years, while all of Europe was struggling with the economic crisis, Turkey managed to keep growth rates to a level second only to China, and more and more Irish companies are becoming aware of the opportunities there, according to Jonathan Ryan, manager, Turkey, Enterprise Ireland. Termed as an emerging market alongside countries such as South Africa, India, and Nigeria, Turkey has a well-developed infrastructure with continuous high levels of investment and has some well-established world-class industries such as cement, construction, steel, automotive and white goods along with its traditional textile sector. It is now ranked as the world’s 16th largest economy based on GDP and is…

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Keogh’s Crisps now in 255 Tesco UK stores

Minister of State at the Department of Agriculture, Food and the Marine Tom Hayes TD with Tom Keogh from Keogh's Crisps and John Paul O’Reilly, commercial director, Tesco Ireland

Keogh’s Farm has agreed a deal with Tesco UK, which will see the family’s hand cooked potato crisps go on sale in 255 Tesco stores throughout the UK. Keogh’s Farm currently employs 40 people north Co Dublin. “This is a brilliant boost for us. As a small, family-owned business, this deal with Tesco UK opens a potentially massive opportunity for the business,” said managing director of Keogh’s Crisps Tom Keogh. “After the President’s visit to the UK last week, we hope the UK’s love affair with all things Irish will extend to our much loved crisps and we look forward to growing our business on the back of this deal.…

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Irish seafood sector could grow to billion-euro business by 2017 – BIM conference

Irish seafood

The Irish seafood sector has the potential to increase annual sales from €810m last year to €1bn by 2017 and to deliver 1,200 additional jobs, according to a Bord Iascaigh Mhara (BIM) organised industry conference in the Aviva Stadium today. The ‘Capturing Ireland’s Share of the Global Seafood Opportunity’ conference will hear that the sector has focused in recent years on new markets in Asia where demand for quality seafood is showing phenomenal growth. Irish shellfish in particular is highly sought after in China and Hong Kong and exports to Asian markets have increased by 34pc. Speaker Joe Gill, a director at Goodbody Ireland said he believes the sector faces…

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China’s share of Irish exports expected to double to 4pc by 2030

Alan Duffy, managing director and Ireland head, HSBC Corporate Bank

China is expected to be the most dynamic emerging market for Irish exports, with its share of total exports forecast to double from around 2pc currently to 4pc by 2030, according to HSBC’s bi-annual trade forecast. It predicts a sustained upward trend for trade generally of 6pc growth a year and an improving demand for Irish goods and services over the next few years thanks mainly to gathering momentum from the US and eurozone. The composition of Ireland’s trade flows is forecast to remain relatively stable, with the US, UK and eurozone core sustaining their position as the most important export markets. The chemicals sector dominates the export outlook for…

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Breaking new ground with hands-free working in the oil and gas industry – OHS

Business and Leadership Ltd.

While working as an electrician on oil rigs in the North Sea, founder of Offshore Handling Systems in Shannon, Co Clare Eugene Earley recognised the need for a solution to the problem of hand injuries caused by lifting. “At the time the notion of hands-free working on rigs was a novel concept and only primitive products existed. I came up with the idea of making more useful tools designed for different applications such as moving deck cargo and materials and put together a few designs,” he recalls. While continuing to work as chief rig electrician for Ensco – the second biggest driller in the world – in 2009 Earley incorporated…

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Third series of TV drama ‘Ripper Street’ to be produced in Ireland

Ripper Street

A third series of the TV drama ‘Ripper Street’ is to be produced in Ireland, which is expected to provide a major boost to the Irish film and TV industry. The total value of the first and second series to the Irish economy so far has been around €20m in terms of spend on local goods and services. They employed 5,000 Irish cast, extras and crew, providing about 170,000 Irish work hours per series. ‘Ripper Street’ follows the H Division, the police precinct charged with keeping order on Victorian Whitechapel. James Hickey, chief executive Bord Scannán na hÉireann/the Irish Film Board said the announcement was “very good news for the…

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Primark’s second store in France opens

Business and Leadership Ltd.

Primark has opened its second store in France, in La Toison d’Or, Dijon, creating 304 jobs for the local area. Located in Burgundy’s biggest shopping centre, the new store has 4,106 sq m of retail space and stocks fashion for women, men and children, jewellery, shoes and accessories and large selection of homeware. Primark opened its first store in France in Marseille last December and will open three stores in the suburbs of Paris – in Aulnay-sous-Bois at O’Parinor and Villeneuve La Garenne and Creteil -by summer 2014. Sorcha Corcoran

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