SIEBEL Systems of California, which Fortune magazine has dubbed the fastest growing company in the US, is to provide 150 new jobs in Galway when it establishes its European Services Centre in Ireland.
SIEBEL Systems of California, which Fortune magazine has dubbed the fastest growing company in the US, is to provide 150 new jobs in Galway when it establishes its European Services Centre in Ireland. The opportunities in software engineering, technical support, finance and sales will arise over the next four years at the centre, which will be located at the IDA Ireland Business Park in Dangan, Galway.
Making the announcement yesterday, the Tanaiste and Minister for Enterprise, Trade and Employment, Ms Harney, said that over 1,400 new jobs had now been created through IDA-supported projects in Galway city and county since the start of the year.
Siebel is a global leader in providing Web-based front office systems for sales, marketing and customer services, and has recorded a 100 per cent annual growth rate since it was established in 1993. It currently employs over 2,000 staff, and had net revenues of over $390 million in 1998 and profits of more than $55 million. The Galway centre's responsibilities will consist of a technical services group, which will include software engineering, localisation and development services. The Tanaiste noted that the company's choice of location was influenced by proximity to NUI Galway and the Galway-Mayo Institute of Technology.
The Tanaiste also announced details of the Irish Business Innovation Centres (BICs) seed capital fund of £1.5 million, during her visit to Galway. Two Galway companies, Celtel Communications Ltd and Turbard Iarthar Chonamara Teo, have received support from it, and a third investment has been approved for funding in the south-east.
Private sector supporters of the BICs and Enterprise Ireland contribute equally to the national seed capital fund, through the European Seed and Venture Capital Measure in the EU Operational Programme for Industry, 1994-1999. The support of private sector investment was crucial to the success of the fund, Ms Harney said.
