Up to 155 jobs will be created in Dublin at services group OSG over the next three years, the company said today.
The new jobs will come as the result of a €6 million investment for OSG's international expansion in the insurance and financial services outsourcing market.
Fifty of the positions will be filled early next year, with recruitment expected to start in March.
Minister for Enterprise, Trade and Innovation Batt O'Keeffe confirmed today Enterprise Ireland would support the investment, and described the move as a "significant investment in productivity and efficiency" that would secure jobs and growth for the firm.
"Firms such as OSG are at the forefront of Ireland's smart economy, creating high-quality sustainable jobs and driving export sales across the globe. With this research and development investment and a strong competitiveness drive, OSG is positioning itself at the leading edge of the international financial services sector," he said.
"Irish firms must continue to invest in research and development know-how so that we can become a world-leader in the innovation stakes."
OSG provides professional managed service solutions to the insurance and financial services market.
The investment will provide further support in research and development innovation, allowing the company to increase its resources and technical capabilities, and provide ongoing professional training. The company is aiming to double its revenue to €40 million by the end of 2013.
"Now is the time to respond to increased market demand, build on our successful expansion into the UK and evolve into a world class centre of excellence," said OSG chief executive Malcolm Hughes.