Kneat Solutions has announced its plans to expand its team in Limerick. The plans come following the establishment of their new 13,000 square foot facility in Limerick. Their facility is in the National Technology Park, just outside of Limerick city, and will create up to 100 new jobs.
The roles created will span marketing, R&D, customer success, and sales. Hiring for these positions will bring Kneat’s total workforce to over 300 employees. The company was founded in 2007 in Limerick and underwent a complete takeover in 2016 from Fortune Bay, a Canadian company. This deal saw Kneat listed on the Toronto Stock Exchange, however, its headquarters remained in Limerick. What’s more, the Co-Founder and CEO, Eddie Ryan, native to Ireland, continued his role.
Eddie Ryan founded the business with Brian Ahearne and Kevin Fitzgerald. Kneat is a cloud-based software that supports the automation and digitisation of validation processes for life sciences companies. Their clients include several high-profile biopharma companies.
As a result of the significant growth of the life sciences sector, Kneat saw its revenue double in 2020. Last year, in a public offering, they sold over 6.7 million common shares at C$3 each, closing over C$20m in financing, and promised to expand its Irish base. They were also listed as Ireland’s thirst-fastest growing tech business in December by Deloitte Fast 50.