Cubic Telecom, the Dublin- based communications firm, has attracted $5.2m (€4m) in external investment and is to create more than 70 jobs over the next three years.
The firm’s announcement led news yesterday, of more than 100 new jobs being created over the course of the next few years.
Cubic’s investment is coming from Enterprise Ireland; US semi-conductor giant, Qualcomm; ACT Venture Capital, and TPS Investments and will go towards helping the Dublin firm to further expand internationally and invest in its software platform and mobile network.
The company has been selected by a number of the top Fortune 100 tablet and notebook companies as their key provider of global mobile connectivity.
“This investment demonstrates confidence in Cubic’s ability to deliver on our smart connectivity strategy,” said Cubic’s chief executive, Barry Napier.
Elsewhere, customer service telecommunications technology firm VoiceSage is creating 10 jobs in the next two years on the back of a €1m investment.
In Galway, meanwhile, medical device firm, Advant Medical is investing €2.4m into a major development programme and will create 34 jobs at its main facility, in Parkmore Industrial Estate, within the next three years.
The Government and Enterprise Ireland-supported investment will see the firm expand its production capabilities and move to higher value products and services in order to meet increasing demand for its products. It will also see Advant expand further, internationally.
Richard Bruton, the jobs and innovation minister, said: “A key part of the Government’s plans for jobs and growth is supporting Irish companies in gaining a greater share of the €80bn spent by multinationals here on goods and services every year. In 2013, we have targeted an additional €500m in contracts for Irish companies out of that.
“[The] announcement that Advant Medical, a supplier to a range of leading companies, is expanding and creating 34 jobs is a sign of what is possible for Irish companies in this area.”
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