January 11th 2016 Tralee – JRI America Inc., who established a Software Development Operation in Tralee, Co. Kerry in 2011 are gearing up for the next phase of growth in Tralee with a move to new, larger premises at Kerry Technology Park in the town.
The new premises were officially opened this morning by Minister for Diaspora Affairs, Jimmy Deenihan TD.
JRI America, Inc., is a subsidiary of the Japanese IT financial services company Japan Research Institute Ltd. (JRI) which is the specialist IT subsidiary of Sumitomo Mitsui Financial Group (SMFG). SMFG owns Japan’s second largest bank Sumitomo Mitsui Banking Corporation (SMBC) by asset size and is a Fortune Global 200 company. They offer a broad range of financial services, primarily banking related. The group is also engaged in leasing, securities, credit cards, mortgage securitization, venture capital and other credit related businesses. SMFG employs 68,000 people worldwide with a stated objective of further global expansion.
The Tralee operation supports the group’s Western Hemisphere IT operations including US, Europe, Moscow, Dubai and other markets.
The team in Tralee has grown to almost 70 staff since the initial announcement in late 2011 with the staff employed there providing support for a broad range of functions including Software Development, Quality Assurance, Network Support, Data Centre Support and Technical Customer Service activities.
The move to the new 14,000 sq. ft. premises is part of its strategic plan to position the company for growth into the future in Tralee.
The development is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
Speaking at the official opening this morning, Minister Deenihan said: ““Having made the announcement back in 2011 of this company establishing a software development operation in Tralee, I’m delighted to see it having grown and developed to the extent that necessitates this move to new and bigger offices. It is a huge endorsement of the region’s ability to attract and retain global technology companies and will act as a great exemplar for such. It’s also a huge vote of confidence in the local business environment and skills pool. I congratulate JRI on their success and extend all good wishes for the future.”
Michael O’Dea, President of JRI America Inc said: “JRI Ameriica, working together with the IDA, Kerry Technology Park, Shannon Development, the Institute of Technology Tralee, Kerry County Council and a strong network of partners is very pleased to announce the expansion of our operations in Tralee. Since the opening of our original office space just over four years ago we have broadened the mission of the technology office from development and quality assurance into engineering, operations and information security. Staff has grown over twenty-fold in that time to nearly 70 employees. The new office space will allow us to continue to grow both our staff and the capabilities of the company to support Sumitomo Mitsui Banking Corporation’s business in the Americas, Europe, Middle East and Africa.”
CEO of IDA Ireland, Martin Shanahan said: “JRI has settled in very well in Tralee since establishing their Software Development Operation here four years ago. That’s testament to the business friendly, competitive environment which is offered, allowing technology companies such as JRI to grow and develop here. This move by JRI to new, larger premises demonstrates the company’s commitment to Tralee and the region. I wish them every success with their future operations in Kerry.”
Sumitomo Mitsui Banking Corporation (SMBC) was established in 2001 through the merger of Sakura Bank and Sumitomo Bank, the core financial institutions of the Mitsui Group and the Sumitomo Group respectively, each with its own long history. SMBC, as a core member of Sumitomo Mitsui Financial Group (SMFG) work together with other members of the Group to offer customers highly sophisticated, comprehensive financial services globally.