Local software company - Intact Software - say that they hope to create 30 jobs over the next two years in Dundalk
Intact has secured investment of €1.9 million, which will create around 30 jobs, having already created 60 jobs currently in the town.
The €1.9m includes a €1.5m investment from the Goodbody 2015 EIIS Fund together with an investment of €400k from Enterprise Ireland.
"We have been growing rapidly over the past 24 months, with interest from businesses not just in the UK but also in Canada and North America. The investments by the Goodbody EIIS Fund and Enterprise Ireland will enable us to really scale the business and expand our team as we plan to more than triple our business over the next 4 years," said Intact CEO Justin Lawless.
The investment in Intact is the first by the newly established Goodbody 2015 EIIS Fund which is managed by Hughes Blake. Partner, Stephen McGivern said: “We’re delighted to make this investment that will enable them to significantly grow their presence in the key UK market.”
Intact is based at Blackthorn Business Park on the Coes Road and was started up by Paul Marry and Aidan Lawless in 1992.
After a restructure in the organisation in 2012, they saw over 43 per cent growth in the business.
The growth has been driven in Ireland, Australia, New Zealand and the UK and the company expects to continue to significantly grow its market share in the UK over the coming years.
Fine Gael TD for Louth, Peter Fitzpatrick welcomed the the news.
“This is great news for Dundalk and builds on other recent success stories.
“The company is going from strength to strength.
“It will use the funding it has secured for sales and marketing, creating 30 jobs over two years. I would like to congratulate the company on its continued success.”