17th April 2015
Global Shares today officially launches its new Software and 3-year expansion plan, creating up to 80 jobs.
Richard Bruton - Minister for Jobs, Enterprise and Innovation - welcomes the Company’s exciting expansion plans and creation of 80 additional jobs
The announcement was welcomed by Richard Bruton TD, Minister for Jobs, Enterprise and Innovation at an official event in the company’s Headquarters in the West Cork Technology Park, Clonakilty.
Global Shares is an Irish owned, Irish headquartered Company, which for almost a decade has been developing highly innovative web based software solutions for companies to automate the administration of their employee equity plans. With 68 staff and overseas offices in New York, California and London, Global Shares currently works with over 150 private and public companies listed on multiple stock exchanges with participants in 100+ countries worldwide. Clients include companies such as Cargill, Morningstar, Living Social, Bwin.Party, UniCredit, Ambev and Sallie Mae.
Global Shares has been supported in its growth by the Department of Jobs through Enterprise Ireland.
The expansion of Global Shares marks the culmination of a comprehensive phase of software development at the Company, which sets a new benchmark in the equity compensation industry in terms of software customization, functionality and user experience. An expanded Sales and Marketing team will promote and sell the product globally, with expert customer service provided by a support team of equity professionals.
The Company forecasts that revenues & export sales along with employment will more than double in Clonakilty within 2 – 3 years. Currently there are 60 staff working at the Company’s Clonakilty Headquarters in high-skilled roles spanning software development, quality assurance, CEP analysts, financial accountants and project management.
Welcoming the announcement today, Minister Bruton TD said: “Employment is growing in every region of the country – but it is growing faster in some regions than others. That is why we are putting in place regional jobs plans in every part of the country, to accelerate jobs growth in every region. Today’s announcement by Global Shares is a great example of what we are trying to support around the country – here is a hugely impressive Irish company, which started a decade ago, providing cutting edge solutions to some of the biggest companies in the world, growing rapidly and soon to employ well over 100 people in west Cork. This is a great achievement for Tim and his team as well as a huge boost for west Cork, and I wish them every success in the future”.
Speaking about the expansion plans, Tim Houstoun, CEO of Global Shares said, ‘We have grown substantially in the last two years and we have shaped our business for this expansion. Our new equity compensation management solutions are first-class and our mission now is to communicate the strength and depth of our software and service offering to global markets. We look forward to growing our market presence in the coming years and to adding to the fantastic team of people who work at Global Shares’.
Julie Sinnamon, CEO of Enterprise Ireland, said: “A priority for Enterprise Ireland is to support entrepreneurship across the regions and develop strong, export focused, ambitious Irish companies that can win new business and jobs for Ireland. Global Shares is an exemplar of the type of company we want to work with: innovative, ambitious and determined. I congratulate Tim and all the team and wish them even greater success over the coming years as they grow to the next level”.
A number of key strategic developments have been put in place as part of this expansion:
Expansion of Clonakilty Headquarters to cater for growing employee numbers and future expansion
A new London Office opened in January 2015 located at St. Paul’s, beside the London Stock Exchange. Earlier in 2014 the company relocated from Manhattan, New York to larger offices in New Jersey to support expansion plans
John Meehan joined as Managing Director in January 2015. Former Head of Client Management for Morgan Stanley and former Head of Executive Investment Services at Computershare, John will lead the new Business Development Team, responsible for developing international business for all regions outside of North America
IT entrepreneur David Raethorne, founder of Helix Health and key shareholder in Smiles Dental Group, joined the Board of Directors in May 2014
New Reseller partners appointed to actively introduce Global Shares to new markets
For more information please contact us, follow our blog and social media pages or visit our website: www.globalshares.com.
Marketing and PR Manager,
Global Shares, Unit 2, Building D,
West Cork Technology Park,
Tel: +353 (0) 23 8833 062
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