IN BRIEF
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BUTTERFIELD FULCRUM EXPANDING DUBLIN WORKFORCE
Fund administration company But- terfield Fulcrum is to increase its workforce in Dublin city centre to 100 people in an investment sup- portedby the IrishGovernmentwith the aid of IDAIreland. When it first established an opera-
tion in Ireland in 2009, the company en- visaged creating 40 jobs. Current activities undertaken in Dublin include fund administration, business develop- ment and compliance. The new jobs will be in fund administration, finance and relationship management. “Our current expansion in Ireland is
in no small part due to the availability of a highly talented workforce,” said Glenn Henderson, CEO of Butterfield Fulcrum. “Ireland is a key strategic location for
the hedge fund industry and further growth in this sector is expected,” said Barry O’Leary, CEO of IDA.
SFI REPORTS 44PC INCREASE IN RESEARCH COLLABORATIONS WITH INDUSTRY
In its annual report, Science Foun- dation Ireland (SFI) has reported a 44pc increase in researcher collabo- rations with industry, as well as a 12pc growth in international aca- demic partnerships. “Such a massive increase in the total
number of collaborations, nowstanding at 867 and up from 601 in 2009, is cer- tainly to be lauded and is in keeping with the Government’s agenda to facil- itate greater commercialisation of re- search,” commented Minister for Research and Innovation, Seán Sher- lock TD. “The very impressive increases in
SFI-funded collaborations,whether via multinational corporations (up 32pc to a total of 237) or the SME sector (up 63pc to 245) shows that forging relationships with critical sectors is being prioritised by our academic community in unison with enterprise. SFI’s reach is now truly global.”
IRELAND TOP DESTINATION FOR VALUE OF INVESTMENT PROJECTS – IBM REPORT
IBM’s 2011 Global Location Trends Report ranks Ireland as the top des- tination in the world by quality and value of investments. Ireland is also ranked as one of the
top destinations for jobs by inward in- vestment per capita. In addition, the report highlights that significant growth in foreign investment was achieved in Ireland in the past year. Ireland’s top position for quality and
value of investments is based on global measures of productivity, knowledge intensity and occupational profile com- position represented by wages and skills, and highlights the value and ex- ceptionally strong contribution that foreign direct investment makes to- wards Ireland’s economic development. Ireland leads a group followed by
South Korea, Taiwan, Austria, Switzerland and Singapore.
CACI SETTING UP R&D CENTRE IN DUBLIN
Caci, the creditor insurance subsidiary ofCréditAgricoleAssur- ances,has announcedthat it is to invest€3.2minsettingupanR&D centre of excellence inDublin. The newcentre,which has the support of IDAIreland,will initially focus
on enhancing the group’s riskmanagement andmodelling capabilities. Caci is a specialist companywithinCréditAgricoleAssuranceswhich
provides payment protection insurance (PPI) and related products. Based in France, Caci has 300 employees operating across Europe. It has had an office in Ireland for the last 12 years and currently has over 80 employees inDublin. “ThisR&Dcentre confirms ourwish to enhance our development and
will contribute to our continued success,” saidHenri Le Bihan, CEOof Caci. “TheDublin operation has developed very specialised and highly skilled functionswhichmake it the perfect fit for thisR&Dinvestment.”
Jerome Grivet, CEO, CreditAgricole Assurances; PaulKavanagh, Irish Ambassador in France; John Bruton, president of IFSC Ireland; andHenri Le Bihan, CEO of Caci
MISYS INVESTING €5M IN DUBLIN R&D OPERATION
Software development company Misys,which currentlyemploys over 100 people at two facili- ties in Dublin, is expand- ing its Irish presence by establishing a newR&D teamin the capital, creat- ing 35 newjobs. “Our previous ventures
into Ireland have been as a result of acquisitions of ex- isting software companies and so this marks an impor- tant milestone in the com- pany's business links to this country,” said Robin Crewe, chief technology officer, Misys. “The new team will work on the development of new products with addi- tional functionality and new technology capabilities.”
Issue 3 Autumn/Winter 2011 INNOVATION IRELAND REVIEW 13
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