Silicon Valley Bank (SVB) Downfall
Silicon Valley Bank is a well-established financial institution that provides a range of banking and financial services to technology companies. According to the New York Times, there was a massive run on Silicon Valley Bank, which led to its collapse on Friday.
Read MoreIreland’s first CIO says we must ‘challenge the status quo’
Ireland’s first CIO says we must ‘challenge the status quo’Bill McCluggage, Denis Collins, chairman, it@cork, and Cian Kennedy, chairman Tech Thursday Committee Ireland’s first chief information officer (CIO) Bill McCluggage has highlighted the positive progress that clusters are making for the economy, particularly when they integrate government, private and academia. Heralded as an appointment vital to the Government’s technology direction, McCluggage became the State’s first CIO in June 2013 and is responsible for the strategic direction of technology right across the public sector. Kicking off the Autumn schedule of the it@cork European Tech Cluster’s Tech Thursday events in Cork, he talked about a range of policies that his department has…
Read MoreTrakax Siblings Ring Nasdaq Stock Market Opening Bell in New York
The three Irish siblings behind tech start-up Trakax got to ring the Nasdaq stock market opening bell in New York’s Time Square yesterday, 24 March. Catriona, Cormac and Colm Barry are among the team involved in running the video editing platform and won this honour as part of the Start-Up Village Pitch Competition sponsored by Nasdaq and Enterprise Ireland Pitching at SXSW in Austin. Having started off in the basement of their parents’ home in Rathmines, Dublin, Trakax has reached a point where the former president and CEO of Samsung Telecommunications America Dale Sohn have joined its executive leadership team and board. Sohn was president and CEO of Samsung Telecommunications…
Read MoreWaterford IT Spins Out IT Firm FeedHenry
The Telecommunication Software & Systems Group (TSSG) at Waterford Institute of Technology (WIT) has announced the spin-off of FeedHenry, an award-winning software firm. Using a ‘cloud-computing’ model, FeedHenry is an ‘on-demand’ enterprise mobility solution that can be accessed over the internet. The software enables applications (apps) to be developed once and then used across all mobile platforms (iPhone, Android, BlackBerry, Nokia and so on). “FeedHenry provides an efficient and cost-effective way to create new products. Using this technology, companies no longer have to develop multiple versions of apps for each device. They create one version and with a few clicks can use it across a range of platforms. It also works…
Read MoreCoderDojo announces winners of Coolest Project Awards 2014
CoderDojo announces winners of Coolest Project Awards 2014Pictured: Magnus Ternsjö, CEO of UPC Ireland Coding whizzkids came in their droves to DCU over the weekend to demo an array of cool and imaginative coding ideas at the CoderDojo Coolest Projects Awards 2014 ceremony. The top prizes were awarded to an e-car charger locator app, a wild western game, and Camera selfies, a website which allows you to share selfies at large events. The Coolest Projects Awards, now in their third year, were an opportunity for members of local coding clubs or dojos to showcase the application of the skills and knowledge they have gained from attending their weekly coding sessions. The event saw 250 projects being…
Read MoreReflections on corporate governance following Clerys closure
The sudden closure of department store Clerys in June 2015 raises some interesting corporate governance issues, writes Niamh Brennan, Michael MacCormac Professor of Management at University College Dublin (UCD). By way of background, Clerys is a department store in Dublin’s main street, O’Connell Street. Until recently it was a family-owned business, having been established in 1853. It has a particular place in Dubliners’ hearts, as many courting couples would arrange to meet under Clerys clock. In 2012, Clerys was purchased by Boston-based US firm of turnaround experts Gordon Brothers for €14m. Fair play to Gordon Brothers. It sold the fine building on O’Connell Street housing the Clerys trading business to…
Read MoreMajella Fitzpatrick
Director Of Communications Appointment Date: 20.04.2011Company: IBECBusiness Type: Business Representative BodyPosition: Director of Communications Majella Fitzpatrick has been appointed director of communications with responsibility for corporate reputation, public affairs, internal and external communications and marketing at IBEC. She will take up the position immediately and also joins IBEC’s executive management team. Fitzpatrick joins IBEC with 20 years experience in corporate communications and public affairs with some of Ireland’s largest blue chip companies. Prior to this appointment, she was head of corporate affairs for Telefonica O2 Ireland where she was responsible for public affairs, public relations and corporate responsibility. Before joining O2, she was head of public relations for Eircom during the initial flotation…
Read MoreSFA National Small Business Awards 2014 finalists announced
SFA National Small Business Awards 2014 finalists announcedPaul Rawlins, founder of Celtic Rider, a finalist in the awards Thirty five companies across seven categories have been announced as finalists in the SFA National Small Business Awards 2014. Some companies, such as The Pallet Network, Clevamma, Timbertrove, Ryan’s Cleaning and Celtic Rider Motorcycle Rental have been finalists or winners before, but most of the finalists are newcomers. They include Laois Sawmills in Co Laois and Spectac International in Co Louth in the Manufacturing Category; Bfree Foods and Urban Picnic both from Dublin in the Food & Drink category and Monaghan Music & Piano Centre and The Blessington Bookstore in the Outstanding…
Read MoreReceivers appointed to Clerys; Guineys and Clerys home furnishing stores to close
Clerys on O’Connell Street in Dublin will continue to trade as normal today following the appointment of joint receivers Paul McCann and Michael McAteer of Grant Thornton to Clery & Co (1941) plc, Denis Guiney Ltd and Yterrbium Ltd. The receivers were appointed at the invitation of the directors of these companies, which own and operate the department store. According to a statement from the receivers, the O’Connell Street shop will continue to trade as normal and the 147 jobs in the store remain unaffected by the appointment of the receivers. Likewise, concessionaire partners at the store and their employees will not be affected. The statement said the receivers are…
Read MoreDoing business in Australia: key insights and overview
Doing business in Australia: key insights and overviewThe 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…
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