HCS Drops €13.2M Bombshell: 125 Jobs Poised to Shake Up the Market by 2028—Are You Ready?
Ever wonder what it takes for an Irish IT company to not just survive but thrive in today’s whirlwind tech landscape? Well, HCS is answering that question loud and clear — by throwing €13.2 million into their business by 2028 and setting the stage to add a whopping 125 new jobs. Sounds ambitious? You bet! But here’s the kicker: this isn’t just about expansion for expansion’s sake. HCS is strategically zeroing in on cybersecurity, compliance, and the ever-evolving digital services sphere — all fueled by a shareholder-backed investment that signals serious confidence. They’re not just planning to grow their team across Waterford, Cork, and Dublin; they’re aiming to turbocharge annual revenues to €30 million, with AI-driven services steering much of that upward trajectory. As the old saying goes — fortune favors the bold — and HCS is doubling down where it counts to stay ahead in a world that’s rapidly changing beneath our feet. Ready to dive into the details of this bold move? LEARN MORE
HCS, the Irish IT managed services company, has announced plans to invest €13.2m in its business by 2028 and create 125 jobs.
The investment, which is intended to expand the company’s footprint and enhance its service offering for customers, will be funded by shareholders.
The new positions will be in cybersecurity, risk, compliance, digital services, enterprise sales, and presales.
Recruitment has already begun and these new roles will grow the company’s headcount to 175 employees across its Waterford, Cork, and Dublin locations.
HCS is also hoping to increase annual revenue to €30m by the end of 2028, and AI adoption is expected to be a key driver of growth, with customers increasingly incorporating AI into their operations to automate processes, boost productivity, and remain competitive.
“This investment reflects our confidence that we are ideally positioned to capitalise on high-growth areas such as AI and cybersecurity,” said Pamela Farrell, managing director of HCS.
“This move marks a significant acceleration in our growth plans as we look to expand our teams and bolster our presence across the country. In turn, this will enable us to meet evolving customer needs and help them to stay ahead in increasingly complex work environments.
“Having just acquired the business in November 2024, we have already made a very strong start and look forward to revealing an estimated 50% revenue increase in our first full financial year, ended 31st March 2026.
“As an Irish-owned company, we are focused on providing the capabilities and rigour that global organisations require, alongside the responsiveness and agility of a local team. This investment will allow us to continue to build on our capabilities and service offering for customers.”
The investment also supports the opening of a new office in Blanchardstown Corporate Park, Dublin. The facility, spanning 4,500 square feet, includes technology infrastructure and collaborative workspaces for employees and customers.
It will support the expansion of HCS’ team and service portfolio across cybersecurity, cloud, and digital transformation.
“Opening a new Dublin office is a huge milestone for us. The city is home to some of Ireland’s most dynamic businesses, and having an enhanced base there, along with our existing Waterford and Cork offices, puts us in a stronger position to serve that market and attract talent,” said Farrell.
HCS provides services to over 350 large enterprise, mid-market, and SME organisations. Some of the most important growth segments for HCS include financial services, healthcare, hospitality, pharmaceutical, and manufacturing.
Much of the forecasted growth is expected to come from digital services including AI-driven managed services.
HCS was acquired by Centric360, an investment company jointly owned by Pamela Farrell and Brian Larkin, last year.
Photo: Pamela Farrell, managing director of HCS. (Pic: Supplied)
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