Infosys, intends to create 250 new jobs over the next three years in Ireland to develop new technologies and support innovation in global financial institutions.
This project has been supported by the Department of Jobs through IDA Ireland.
The expansion will see Infosys create up to 95 roles at its first dedicated product-centric research and development (R&D) center outside India, and open a second Irish facility to house up to 155 people who will provide IT services to Infosys clients, the press release said.
"Much like Ireland, Infosys has based its growth on a foundation of education, lifelong learning and a deep commitment to innovation. Infosys is already working with clients in Ireland helping them explore new ways of working and advancing, by embracing technology-led innovation," Vishal Sikka, CEO and managing director of Infosys, said.
We want to build on this early success. With an ecosystem of like-minded partners in Ireland, we will pursue new ideas and new ways to solve the greatest challenges of our times - the important things that only human imagination and ingenuity can achieve."
Making the announcement, Taoiseach Enda Kenny TD said, "I am delighted to welcome 250 new jobs at Infosys. This is a vote of confidence in Ireland, our great workforce and our reputation as a hub for technology and innovation. The Government wants to keep the recovery going by providing the right environment for companies like Infosys to locate, expand and create jobs."
Employees at the company's new development center will provide technology services to its global and Ireland-based clients in the financial services industry. The work will include high-end IT consulting, business analytics, business processing and customer service.
Shares of the Infosys were seen trading at Rs 1058, higher by 1.25 per cent on BSE at 10.30 am IST. It touched an intra-day high of Rs 1062 during the trade.