Indian IT services company HCL Technologies is to establish a new software business in Dublin which will create 80 jobs over the next three years.
The company's new software delivery centre will provide services to the firm's growing list of clients in the financial services, insurance and healthcare industries.
Minister for Jobs, Enterprise and Innovation Richard Bruton met HCL executives as part of a recent trade mission to India.
"The real economic success story of Ireland in the mid to late 1990s was based in part on tapping into the global IT boom going on at that time," Mr Bruton said following today's announcement.
"If we are to get out of the crisis we're in and create the jobs we so badly need, a key part of that will be to build on our established strengths and once again now take advantage of the rapid growth in the global IT industry - particularly coming from countries like India and China," he added.