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Enterprise Ireland backed companies CurrencyFair, Combilift and Akari Software announce new deals and major company milestones in Australia

Over 200 Irish and Australian business leaders attend Enterprise Ireland business lunch in Sydney, part of the trade and investment programme to Australia

Enterprise Ireland backed companies CurrencyFair, Combilift and Akari Software today announced new deals with Australian partner companies. The announcements were made at an Enterprise Ireland business lunch at Sydney Opera House, attended by over 200 Irish and Australian business leaders. The event was a key cornerstone of the Enterprise Ireland trade and investment programme to Australia, organised in the context of the President of Ireland Michael D. Higgin’s State visit to Australia. President Higgins was guest of honour at the event.

Witnessing the contract signings today, An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald TD said “The global success that CurrencyFair, Combilift and Akari Software have achieved is outstanding. World-class Irish companies are hugely important for our economy, delivering employment growth in Ireland. The focus of my Department through our agencies, and trade missions is to support more companies to achieve international success, particularly those who are Brexit exposed."

CurrencyFair, the world’s first peer-to-peer currency exchange marketplace announced today that it has reached the significant milestone of over €5 billion being traded on its platform worldwide, with $1 billion of this being traded in Australia.

Combilift, the Irish manufacturer of multi-directional forklifts based in Monaghan, also announced today that it has signed a $1 million contract with Civmec, an Australian construction and engineering company.

Akari Software, a world leader in curriculum management software development also announced that six universities in Australia and New Zealand are deploying their software, with the combined contracts valued at over €5 million. The University of Sydney is the latest university to deploy Akari’s software, having recently signed a three-year contract with the Cork based company.

Julie Sinnamon, Enterprise Ireland CEO said “CurrencyFair, Combilift and Akari Software have announced significant milestones today, underpinning their position as leading global companies. Supporting innovative Irish companies to achieve this international success and market diversification, particularly in light of Brexit is our key priority. We have set ambitious targets to double Irish exports to Australia by 2020. The trade and investment mission to Australia, sets out to build on the strong foothold of Irish companies in the Australian market who achieved exports of €256 million in 2016, which represents a growth of 14% on 2015.”

ENDS For further information: Conor O’Donovan, Head of Communications, Enterprise Ireland 087-9671342Marika MacCarvill, Press & Media Relations, Enterprise Ireland 01-7272857 / 086-171 2568

About Enterprise IrelandEnterprise Ireland is the Irish State agency that works with Irish enterprises to help them start, grow, innovate and win export sales in global markets. Enterprise Ireland partners with entrepreneurs, Irish businesses, and the research and investment communities to develop Ireland’s international trade, innovation, leadership and competitiveness. In this way, we support sustainable economic growth and regional development, and help create and sustain employment in Ireland.