IRISH financial services firm Fexco has confirmed 305 new jobs as part of a €21 million co-location investment with RDI Hub which will include a state-of-the-art new manufacturing plant.
Fexco opened the 57,000 sq ft building in Killorglin, Co Kerry as part of a major venture with RDI Hub, a design-led digital innovation firm.
More than 120 Fexco staff will be based in the complex with RDI to create 305 new jobs by 2024.
The new Killoglin complex, dedicated to Stanford University scientist John McCarthy whose father hailed from Cromane in Kerry, aims to keep Fexco and RDI to the forefront of global financial technology developments.
Sport Minister Brendan Griffin opened the new high-tech new complex with Enterprise Ireland boss Julie Sinnamon.
Fexco chief executive Denis McCarthy said it was a hugely exciting day for the firm.
“This new building signals our commitment to providing world-class innovative fintech solutions to a global audience as well as supporting our local community, through job creation and local investment," he said.
"Since our foundation in Killorglin in 1981 we have been able to grow our business to employ over 2,500 people in 29 countries, whilst keeping our headquarters and the driving force of the business at home here in Kerry.”
Enterprise Ireland boss, Julie Sinnamon, paid tribute to Fexco and RDI Hub.
“The new building Fexco has constructed here in Killorglin is a symbol of the diversification of the economy of the region from its past to a new high-tech future," she said.
"Fexco and RDI Hub will help strengthen the Southwest’s position as a globally connected financial services and ICT skills hotspot, providing high quality jobs and supporting innovation and entrepreneurship.”
The daughter of John McCarthy, Susan McCarthy, attended the ceremony and said her family were thrilled that her father's work was being honoured.
“It is an honour to be here today and we are very proud to have my father’s work recognised here in Ireland, a country that is very much part of our family’s heritage," she said.
"My father would have been delighted to see the commitment to innovation and technology that is at the core of both RDI Hub and Fexco’s new centre. It is remarkable to think that ideas he had about artificial intelligence in the late 50s are now part of a rapidly expanding part of the digital economy.”
Fexco was founded in Killorglin in 1981 and the town remains its global headquarters.
The firm employs 1,000 out of its total of 2,500 staff across 29 countries in the Kerry town.
In July 2018 Fexco announced plans to hire 175 new staff by the end of 2021, with roles in ICT engineering, software and sales to help Fexco to serve new product development opportunities.
The RDI project will create a further 305 jobs.
RDI Hub is part-funded by the Regional Enterprise Development Fund (REDF) and was one of the successful applicants of the first call of the scheme announced in December 2017.