Dublin Company Sysnet Invests €1.27m in Major Expansion with Enterprise Ireland Support

November 03, 2009, Dublin, Ireland

Tánaiste Announces 60 New High Value Jobs

The Tánaiste and Minister for Enterprise, Trade and Employment Mary Coughlan T.D. today announced that Dublin information security consultancy and services company Sysnet is to invest €1.27m in a major expansion programme with support from Enterprise Ireland. The expansion will see Sysnet create 60 new jobs over the next four years.

The investment will position Sysnet to expand its export footprint and meet opportunities in emerging markets, such as the Ukraine, Russia, the Middle East and Africa. The investment is being supported through Enterprise Ireland’s Growth fund which promotes the expansion of internationally trading companies through investments in staff, equipment and technology to increase competitiveness and encourage new exports.

Sysnet was established in 1989 as an open systems information technology company and in recent years has diversified into the payment card data security market developing Securus – a unique online compliance product for international banks and other organisations handling payment card data.

Making the announcement the Tánaiste said: “I’d like to congratulate Sysnet on its latest expansion programme supported by the Government through Enterprise Ireland. Growing Irish exports is fundamental to Ireland’s economic recovery and this investment will propel Sysnet into its next wave of export growth by enabling them to access high-growth markets such as Russia and the Middle East.

For further information, please visit our website at www.sysnetglobalsolutions.com