Investment to bring jobs boost

An IT, security and telecoms company with a new location in Cork has announced plans to double its workforce with an investment of €3.2 million.

Waterford-based company HCS is now hiring in high-growth areas of cybersecurity, business applications, telecoms, and managed services, with plans to grow its workforce to 60 people over the next 3 years.

The company is also hiring cybersecurity consultants and engineers in response to growing customer demand for cyber risk management.

The new investment will enable HCS to provide a wider range of services to customers, helping them to grow and innovate. Following the investment, HCS is forecasting increased annual revenues of €9 million by 2025.

Speaking after the announcement, HCS CEO Neil Phelan said the investment is a response to an unprecedented demand for key IT services and skills from customers across the board.

He said: “We are seeing the convergence of major industry trends such as security and telephony in today’s hybrid world.

“We build security into everything we manage for customers and we expect to see high growth across cybersecurity and managed IT services in the face of evolving threats and the rise in hybrid working. We anticipate further opportunities for growth in the productivity space and we’re excited to expand our capabilities in Microsoft business applications.

“We also expect continued adoption of hosted telephony, driven by flexible working practices and the replacement of traditional copper wires with fibre lines throughout the country,” said Mr Phelan.