SOME 70 jobs are set to be created over the next three years by Sandyford-based Cubic Telecom after receiving an overall investment of more than €4 million.
Some 50 of the 70 positions due to be created within the next three years by the company will be based at Cubic’s new Sandyford headquarters, with the remainder to be located abroad.
Investment for the mobile network company is coming from four sources, including Enterprise Ireland and global US telecoms technology company Qualcomm Inc, as well as from investment companies ACT Venture Capital and TPS Investments.
Cubic Telecom is a global mobile communications company with roaming agreements in more than 230 countries, through 500 partner networks.
The company has now secured deals with some of the world’s top tablet and notebook manufacturers to provide mobile connectivity on a global scale. Many of these new clients are in the Fortune top 100 list.
Barry Napier, chief executive of Cubic Telecom, said: “Connectivity must not only be robust, it also needs to be more intelligent and deliver a superior performance on demand. This is our focus at Cubic Telecom. We look forward to expanding the talent immediately within our team.”
On May 24, Richard Bruton, the Minister for Jobs, Enterprise and Innovation said: “With this announcement by Cubic Telecom of a successful funding round and new jobs, we are once again seeing a great example of the strength of Ireland’s indigenous ICT sector.
“The Government’s Action Plan for Jobs specifically targets the ICT sector.
“I am determined to ensure that, with the right supports from government, companies like this can continue to start up, grow and create the jobs we need.”
Junior Health Minister Alex White (Lab) welcomed the prospect of new employment in his constituency, saying: “The 70 jobs being created by Cubic Telecom are part of a larger trend of expansion in the ICT sector. The Government’s Action Plan for jobs is specifically targeting this sector.
“This announcement of successful funding and creation of new jobs is a great example of the confidence in, and strength of, Ireland’s homegrown ICT sector.”
Cubic Telecom started life in Cork in 2005 by businessman, Pat Phelan, and originally specialised in providing voice and data roaming services for telecom companies, but has now grown into a telecom enterprise itself.
An Cathaoirleach, Cllr Tom Joyce (FG) said: “The creation of any jobs has to be welcomed. These would appear to be high-quality jobs, highly suitable for the area, and are a further sign of the return to growth in the economy.
“It also confirms Dun Laoghaire-Rathdown and Sandyford, in particular, as an attractive business location.”
Cllr Pat Hand (FG) said: “I welcome the news that Cubic Telecom is to create 70 new jobs over the next three years, and I believe 50 will be based in their new headquarters in Sandyford.”
Cllr Lettie McCarthy (Lab) said: “It is very welcome news that Enterprise Ireland have invested in Cubic Telecom, Sandyford and that 70 new jobs will be created over the next three years.
“I wish them every success and, as one of the Ward councillors for the area, I am looking forward to working with them over the coming years.”