Business & Finance brings you the day’s Irish business news in brief.
Thursday, September 22nd 2016
Yroo announces the growth of Irish operations
Yroo, the search engine for shoppers, today announced that it will grow its Irish base with the creation of 33 jobs over the next three years. Yroo is growing its new offices in Dublin, Ireland in order to build out global operations and support customers in more than 35 countries where the company currently transacts across North and South America, Europe, and Asia.
In just over a year, Yroo has been the starting point of over 25 million shopping trips and have influenced more than $2m in purchases due to its offering of a seamless shopping experience which allows customers to shop from over 7,000 merchants and 100 million items all in one place. Yroo has also grown its customer base to more than 10 million users and is currently growing at an average of 15,000 new registered users per day, primarily driven by peer-to-peer recommendations.
100 new jobs at SoftwareOne as part of €16m investment plan
An ambitious new plan for the innovative new PyraCloud platform aims to drive success in the cloud for the SoftwareOne. The company today announced a major expansion of its Irish operations, creating 100 new jobs in a move that will increase its workforce across Ireland tenfold over the next three years. The expansion is part of a €16m investment plan.
Established in 1985 and globally headquartered in Switzerland, SoftwareOne has over 30 years’ experience in software licensing with a local presence in over 80 countries.
SoftwareOne first entered Ireland in 2011, opening an office in Mahon, Co. Cork, and is now expanding its Irish footprint with the opening of a new office in Blanchardstown, where the majority of the new positions will be based.
ECB says China and Brexit pose risks to global growth
Global growth is likely to accelerate next year but the outlook is fraught with risks, particularly from big emerging market economies including China, and Britain’s decision to leave the EU, the European Central Bank said on Thursday.
Global growth will motor along but the recovery will be gradual and uneven with heightened uncertainty, even as the United States, the world’s biggest economy, is expected to recover, the ECB said in a regular economic bulletin.
The bulletin was largely consistent with the outlook presented at the ECB’s September rate meeting.
Read the article in full here.
UCD to lead €2.1m programme focused on cancer rehabilitation
Catch, a new €2.1m connected health innovative training programme, involving six partner organisations from three European companies, was formally launched today at UCD.
Funded by the European Union’s Horizon 2020 programme, Catch will provide a unique training and research platform for eight PhD students, from across Europe, and aims to improve the lives of cancer survivors through rehabilitation. Catch is responding to a fundamental requirement for a new healthcare model. It meets the industry needs through training researchers who can then operate in an inter-disciplinary context across academia, healthcare, and other industry sectors, such as personal sensing, health management, ICT and insurance.
The creation of 100 new jobs has been announced today as part of eir’s high-speed fibre broadband rollout. The new roles will include poling crews, cabling technicians and splicers and be recruited by KN Network Services, a strategic supplier to eir. The jobs will be spread throughout the country and along with the 50 apprentices already recruited by eir this year, will bring the total of crews and contractors directly employed as a result of the programme, to a total of 800.
Read the full article here.
Minister for Transport, Tourism and Sport Shane Ross TD and Minister of State for Tourism and Sport Patrick O’Donovan TD today announced the allocation of €1m in dormant account funding for sports programmes and projects in north-east inner city Dublin.
These measures will be implemented as part of the North East Inner City Initiative announced by the Taoiseach in July and will be delivered through Dublin City Council.
KBC Bank Ireland has launched a new home buyer survey which shows almost a third of the Irish population are contemplating buying a new home as pent-up demand re-emerges in line with the broader economic recovery following a difficult period for the housing market.
The homebuyer survey sheds important light on a range of factors influencing purchasers at various stages of the home-buying process. The survey found that as many as a third (32%) of the adult population said they were at least contemplating buying a residential property in the next 24 months.
Moocall, the agri tech start-up which focuses on an Internet of Things application for cattle, has announced a multimillion dollar contract with Animal Health International (AHI), a leading US distributor. The contract was signed on foot of an Enterprise Ireland inward buyer visit which saw over 50 international buyers from 15 countries to the Ploughing Championships at Tullamore.
Moocall CEO Emmet Savage said: “We are delighted to have signed this distribution contract with AHI which will help us significantly increase our penetration in the US market.”