Asavie Planning 100 New Jobs

16 Dec 2015 | 08.48 am

Asavie Planning 100 New Jobs

Dublin firm booked €3.9m profit in 2014

16 Dec 2015 | 08.48 am

Dublin-based tech firm Asavie, which specialises in next generation enterprise mobility management and machine-to-machine (M2M) connectivity solutions, plans to recruit over 100 new staff in the next three years, the company has announced.

With backing from the taxpayer through Enterprise Ireland, the company says it will be hiring across a variety of roles in engineering, sales, product management, marketing and support.

Asavie leverages on the high-growth sectors of the internet of things and enterprise mobility. Its PassBridge platform enables mobile operators and original equipment manufacturers to launch, scale and secure end-user focused enterprise mobility and IoT services.

Analyst Machina Research has reported that the total number of M2M connections will grow from five billion in 2014 to 27 billion in 2024.

Asavie claims that PassBridge ‘seamlessly scales capacity to address the changing traffic patterns inherent with mobility and IoT services for millions of subscribers and billions of devices’.

”We have experienced phenomenal growth over the past few years,” said Asavie chief executive Ralph Shaw. “This latest evolution of the company builds on the success of Asavie’s technology.

“The strength of our global partnerships and the huge demand from companies to secure and control the costs of their mobility and innovative IoT projects as they scale creates an opportunity for people who want to shape the next generation of the internet.”

Asavie, founded in 2004 , has offices in the Britain, Germany, Spain and the United States. It currently employs 80 people. Clients include telecoms providers AT&T, eir, Three, Telefonica, Vodafone and network routing firm Cradlepoint.

Asavie Technologies Ltd had €4.2m equity investment in December 2014. The company booked a net profit of €3.9m in 2014, ending the year with €5.2m in cash as debtors grew from €2.9m to €8.3m through the year. Net worth at year-end was €7.4m.

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