A German multinational is to set up a software service and support centre in the East Point Business Park, Dublin, employing 150 third level graduates over the next three years. Recruitment has already commenced.

The Minister for Enterprise and Employment, Mr Bruton, said the decision by SAP AG was "another vote of confidence in Dublin's northside".

There are already 2,000 people employed at East Point and this is due to rise to 5,000 within the next few years is the fifth largest independent software company in the world. The new centre will support and service the company's R/3 software for client server systems. The product is accepted as standard in several industries such as oil, chemicals, engineering and high tech electronics.