Software company VCE to create 150 jobs in Cork
Richard Bruton hailed cloud computing firm VCE’s expansion as another example of the country’s broad-based recovery.
It is the sixth major jobs announcement in Cork since Christmas — announcements which have created almost 1,300 jobs.
Mr Bruton, who met VCE executives twice before in the US, said their expansion here underlines the importance of trade missions.
“This is the sixth significant jobs announcement in Cork since Christmas,” he said. “This is not just about hi-tech — it’s about broad recovery. The live register is still too high and we have a long way to go.
“We are rebuilding an economy — it’s not about finding some silver bullet. The South West, as a region, between 2008 and 2010, lost 45,000 jobs.
“We have added 2,000 jobs in the last two years. It is painstaking work, but our work continues in the trenches.”
Mr Bruton said the Government is committed to implementing its Action Plan for Jobs, which includes an examination of the low rate at which people hit the high tax bracket.
“It is a barrier to job creation and all parties in government want to see a change in that area,” he said.
US-based VCE, formed by Cisco and EMC four years ago with investments from VMware and Intel, is a global leader in converged cloud infrastructure systems which helps its clients save on IT costs.
The rapidly expanding company has seen 50% growth, year-on-year.
The company, which has an international corporate headquarters in Ballincollig, employing about 140 people, employs 1,200 people worldwide.
Its expansion at City Gate Park will see its Irish workforce double over the next two years.
Recruitment is already under way and it aims to have 250 people employed here by 2015.
The investment is supported by the Department of Jobs, Enterprise, and Innovation through IDA Ireland.
VCE chief financial officer, Bob Taccini, said the new facility will drive the next wave of innovation in converged infrastructure, and will play a key role in developing new software to help its clients manage their databases in the cloud.
“Four years ago, VCE established its international headquarters in Cork because of its highly educated workforce, the incredible passion this workforce has for technology, and ease of doing business,” he said.
“Converged infrastructure from VCE is changing the game for how IT is deployed, operated and consumed, and we’re excited to partner with IDA Ireland to expand our operations in Cork as a global innovation hub.”
IDA boss Barry O’Leary, said VCE’s decision to chose Ireland for their expansion further endorses the country’s established reputation for research & activities.
Cork Chamber also welcomed the jobs boost.
“This announcement is evidence of the region’s capacity to attract significant research and development & investment and clearly positions Cork as a location of choice for leading technology companies,” Chamber boss Conor Healy said.
“Cork’s reputation as a great place to do business in this sector is rapidly advancing as we continue to invest in the region’s IT infrastructure, and skills through our world class third level institutions.”
* www.vce.com
Job announcements in Cork since the start of the year:
* Tyco — 500 jobs
* HedgeServ — 105 jobs
* Tyndall — 200 jobs
* Global Reviews — 30 jobs
* BioMarin — 105 jobs
* Westbourne — 50 jobs
* Zevas — 50 jobs
* Lidl — 50 jobs over three locations, including Cork
* i3PT Certification — 20 jobs between Cork and Dublin
* SWS — 40 jobs
* VCE — 150 jobs
CONNECT WITH US TODAY
Be the first to know the latest news and updates
