More than 100 new jobs will be created in Galway between the expansion of two major companies working in the city.
Minister for Enterprise, Trade, and Employment Simon Coveney is visiting Galway today for the announcement of new expansion at TitanHQ and Nostra.
Cybersecurity vendor TitanHQ, which currently employs 135 people at its base in Salthill, is creating 67 new jobs over the course of the next two years.
Founded in Galway in 1999, TitanHQ is Ireland’s largest native cybersecurity company, with a global reach.
Ronan Kavanagh, CEO said, “We are delighted to welcome Minister Coveney to our headquarters today. This comes at a fantastic time as October is International Cyber Awareness Month.”
“The investment in our team is what allows us to continue providing industry leading multi-layered cybersecurity solutions”.
As part of the current expansion, Enterprise Ireland is supporting the recruitment of some of the new positions in the company and is working with the company on a joint R&D project to integrate a number of software solutions to enhance the company’s product offering.
Leo Clancy, CEO of Enterprise Ireland said, “Enterprise Ireland has been working with TitanHQ since 2004 and seen first-hand how this innovative company has gone from strength-to-strength, growing a strong customer base internationally and recruiting people at home.”
In addition to this, IT service provider Nostra is opening a new office in Ballybrit, which will create 35 new jobs in Galway.
The new office will be used to build out a Cyber Security Centre of Excellence as well as grow IT Support, Professional Services and Project Management teams to serve customers in the West of Ireland.
Speaking at the opening, Minister Simon Coveney said, “I am delighted to join the Nostra team at their highly impressive new office here in Galway.”
“Irish businesses like Nostra are the backbone of our economy, creating jobs right across Ireland and today’s announcement is a testament to the talent and hard work of the team.”
Nostra currently employs 250 people across Ireland, UK, Bulgaria and South Africa. The latest expansion is the result of investment from Phoenix Equity Partners.
This is creating 100 new jobs at the company in total, and aims to increase Nostra’s revenue fivefold to €250m within five years.
Kevin O’Loughlin, Nostra co-founder & CEO, said:“It has been a really exciting year for Nostra, having secured investment and completed a number of key acquisitions.”
“As we prepare to embark on the next step of our journey, we are delighted to unveil our brand new office in Galway. We have big ambitions for the years ahead and our talented team in Galway will be central to achieving those goals.”
