Positive effects of 2014 WIT spin-out with jobs announcement

Science
Pictured in 2014: Cathal McGloin, CEO of Feedhenry and Craig Muzilla, senior vice president, Application Platform Business, Red Hat

Pictured in 2014: Cathal McGloin, CEO of Feedhenry and Craig Muzilla, senior vice president, Application Platform Business, Red Hat

Decision by global software leader Red Hat is another excellent endorsement of the region as a prime location for other technology companies

Red Hat which established a Waterford office following its acquisition of TSSG spin out FeedHenry has announced 60 new jobs over the next four years.

Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor together with Minister of State for Training, Skills & Innovation John Halligan announced that Red Hat, the world’s leading provider of open source solutions, plans to invest €12.7M in a new project, committing to create up to 60 jobs in Waterford over four years.

The project is supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland.

The Waterford office currently serves as the company’s global hub for research and development into mobile application development technology.

Making the announcement in Waterford today, Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Connor said: " This investment of €12.7m shows the confidence Red Hat has in its Waterford staff and also in its ability to source highly skilled workers. This is a great day for Waterford and the South East region.’’

The Minister of State for Training, Skills and Innovation, John Halligan TD said: “This project today shows that we have the capability to attract big IT projects, which will bring well paid jobs to the region.”

Dr. Mícheál Ó Foghlú, CTO, Red Hat Mobile, said: “The opening of this new office, and the announcement of the investment, is the result of significant work by all of the staff here in Waterford, most of whom are working on challenging new mobile technologies. We look forward to taking our place as a key pillar in the Information Technology landscape in the region.”

IDA Ireland CEO Martin Shanahan said: “It is great to see Red Hat develop its Waterford office as a strategic site by adding this project. Waterford has a growing software engineering base and this decision by Red Hat, a global software leader, to locate this project here is another excellent endorsement of the region as a prime location for other technology companies to invest in. I wish the company every success with this project.”


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