Market intelligence provider Industrial Info Resources, which officially opened its new 16,500sq ft office in Ballybrit today, has announced that it will create 50 new jobs in the city.
The company, founded in 1983, specialises in fact-based market research on industrial processing, heavy manufacturing, and energy related industries worldwide, and offers knowledge management solutions to companies that sell products and services to these industries. IT has been operating in Galway since 2010.
The 50 new posts announced today will be implemented over a five-year period. The company, which is headquartered in Sugar Land, Texas, has also designated the Galway operation as its international hub with responsibility for all markets outside the Americas.
Industrial Info Resources has undertaken a number of initiatives in recent years, expanding its market coverage for offshore oil and gas, pharmaceutical and biotech, and industrial manufacturing industries, as well as market analytics, financial shared services, international marketing, and customer support, which have resulted in its decision to add 50 new jobs in Galway, effectively doubling its workforce from when it was first established in Galway in 2010.
The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
“The announcement by Industrial Info Resources that they are to double their workforce, creating 50 new jobs, is fantastic news for Galway and a real vote of confidence from the company in the county," said Minister for Business and Employment Ged Nash, who officiated at the opening ceremony. "As the Government strives to ensure that the jobs recovery is felt in every region of the country, IIR is a concrete example of how a talented workforce, business friendly policies, and good working environment can entice and retain leading companies."
Martin Shanahan, CEO of IDA Ireland, welcomed the announcement. "“It is always very gratifying to hear of a company that has set up in Ireland having been successful enough to develop and grow its operations and workforce as IIR is doing at its international hub in Galway, significantly expanding its office space and doubling its workforce," he said. "It’s a great endorsement of Galway and the west as an excellent location for global business services companies to locate in."