Fifty new jobs are to be created in Galway City by US company Industrial Info Resources (IIR).
Minister for Business and Employment at the Department of Jobs, Enterprise and Innovation Ged Nash TD and Ed Lewis, CEO of Industrial Info Resources yesterday, Tuesday, officially opened the company’s new office in Ballybrit, Galway.
IIR was founded in 1983 and is headquartered in Sugar Land, Texas. The company performs fact based market research on the industrial processing, heavy manufacturing and energy related industries worldwide and offers Knowledge Management Solutions to companies that sell products and services to these industries.
The Galway operation has been designated as the company’s international hub, with responsibility for all markets outside the Americas.
A number of new initiatives that include expanding market coverage for offshore oil and gas, pharmaceutical and biotech, and industrial manufacturing industries, as well as market analytics, financial shared services, international marketing and customer support has resulted in the company’s decision to add 50 new jobs over a five year period, effectively doubling its workforce from when it was first established in Galway in 2010.
Since IIR has been in Ireland, the company has increased its global coverage by 489 per cent, representing over 92,000 current active projects with a total project value of over 13 trillion US dollars.
The Galway investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
Speaking at the company’s offices in Galway, Minister Nash said, “The announcement by Industrial Info Resources that they are to double their workforce, creating 50 new jobs, is fantastic news for Galway and a real vote of confidence from the company in the county.
“As the Government strives to ensure that the jobs recovery is felt in every region of the country, IIR is a concrete example of how a talented workforce, business friendly policies and good working environment can entice and retain leading companies. I wish Ed and his team here in Galway every success as they expand.”
Commenting on the announcement Ed Lewis, CEO of IIR said, “For the past six years that we’ve been in Ireland, our company has expanded rapidly across the world and our Galway operation has been instrumental to our fast growth. I’m very excited about our future in Galway and look forward to long-term success as we move forward from here.”
Welcoming the announcement, Martin Shanahan, CEO IDA Ireland said, “It’s a great endorsement of Galway and the West as an excellent location for global business services companies to locate in.”