The Minister for Enterprise, Trade and Innovation, Batt O’Keeffe TD, today announced that US firm ServiceSource is to add 70 new jobs in Dublin. Meanwhile on Monday, O'Keeffe  announced an extra €55m investment to support start-up firms.

ServiceSource, provides performance solutions for the high-tech, healthcare and life science sectors and is to expand its Dublin headquarters serving the European, Middle-East and Asian (EMEA) markets. The expansion will create 70 new 'highly skilled' positions, bringing the workforce in the Sandyford-based firm to 380.

O'Keefe said ServiceSource is the world’s leading provider of cloud computing-enabled solutions which boost service revenue performance for technology, healthcare and life science clients. The firm has six global service centres for technology and healthcare information technology customers in more than 30 languages across 100 countries. Clients include Microsoft, Adobe, Symantec, AT&T and GE Healthcare and it established its Dublin headquarters for the EMEA markets in 2005, initially planning to recruit 110 workers.

On Monday, O'Keeffe  announced an extra €55m investment in Irish start-up firms bringing the total to €187m over six years to help entrepreneurs get businesses off the ground.

The Government expects the number of new HPSUs (high-potential start-up) generated by supports from its indigenous job creation agency, Enterprise Ireland, to rise from 70 this year to 100 by 2016 following the extra €55m funding injection. Last year, Enterprise Ireland supported 73 HPSUs, with the same number forecast for this year.