A Co Kildare regulatory software company intends to hire another 100 employees, as it aims at revenues of up to 30 million euros over the next five years.
Odyssey VC, a company that has designed software to help companies migrate crucial regulatory data to the cloud, said it will create highly qualified jobs over the next three years to capitalize on its position as one of the six companies in the world that make what he does. make.
The company was founded in 2015 by Oisín Curran and Fionnán Friel and now operates mainly in the life sciences sector. Its revenues of 3.3 million euros are destined to be composed uniformly by the operations of its services division, as well as its technology division.
Odyssey, which has a workforce of close to 50, has Pfizer, Biomarin, Takeda and Amgen among its clients. It is also part of the global network of AT&T service providers. Since it began trading at the beginning of 2016, the company has doubled its revenue every year and has increased its number of staff almost ten times.
As part of its plan to increase revenue between € 20 million and € 30 million over the next five years, Odyssey intends to establish a presence around the Benelux and on the east coast of the United States.
The technology company recently received grants from Enterprise Ireland, and Curran told The Irish Times that they will seek external fundraising in the not too distant future. As the company grows, he said, it will seek between € 5 million and € 10 million in funds.
“We have a history and a customer base, but now we need scale. So that’s where we could take external funds, “Curran said.
When asked about the possibility of a sale in the future, he said: “We are looking for a sale at some point, there are no two ways to do it. A purchase would give us the scale to do this faster.”
In addition to its software offering, Odyssey also operates a service wing in which it ensures that the applications and data that support regulatory activities are adequate for its purpose. Its technology wing emerged from that and now, due to repeated requests from customers looking to know the precise location of where their data is stored, Odyssey works with boutique cloud space providers so they can track data to a specific location.
“Odyssey’s journey so far and how it has evolved from an exciting business idea to becoming a key regional employer is a great inspiration for those who are dedicated to developing their innovation,” said Jennifer Melia, director of the startup unit of high potential in Enterprise Ireland.
The formal announcement of the new jobs that will be based at the company’s Sallins headquarters will be made later today.