€4 million investment means IT and communications company Paradyn will double its workforce by 2020

Comms, Economy, IT | Sat 7 Jul | Author – Business & Finance
Pictured are (L-R) Paul Casey, COO, Paradyn; Cillian McCarthy, CEO, Paradyn; and Rob Norton, CTO, Paradyn.

Paradyn, Ireland’s only end-to-end IT and communications service provider, announced that it will double its workforce from 40 to 80 employees by 2020, with positions in both its Dublin and Cork offices. The new jobs are being created as part of a €4 million investment that will fund company growth and acquisitions.

The growth will be driven by the innovation of new services in the areas of security, networking and IT, as well as cross-selling to existing customers, new business development and further company acquisitions. The company will acquire complementary businesses in the Irish market.

Pictured are (L-R) Paul Casey, COO, Paradyn; Cillian McCarthy, CEO, Paradyn; and Rob Norton, CTO, Paradyn.

Speaking about the announcement, Cillian McCarthy, Paradyn’s CEO, said,

Acquisition is a key strategy for us. We are on the lookout for other IT, communications and information security businesses which can integrate into the  company to add further to our unique ability to deliver more secure and easily managed technology infrastructures to our customers so that they can generate a higher return on investment on their IT and communications systems.

He continued: “Following the merger we announced in March, Paradyn is already Ireland’s only one-stop managed service solution for IT, telecoms, security, network and business connectivity, and our goal is to continue to expand that unique proposition. Under a single service agreement we can build, monitor and securely maintain every aspect of a customer’s IT and communications infrastructure.”

Formed as a result of the merger of Exigent Networks, Irish Telecom and Netforce, Paradyn is a newly created company. It actively manages more than 30,000 users across 300 business and public sector customers from a range of industries. Its current turnover is €8 million and will double this to €16 million in the next three years.