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Irish Tech Firm Zartis Secures €10 Million To Create Over 500 Jobs

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Cork-based software outsourcing and tech consulting firm Zartis plans to expand internationally and hire over 500 employees by 2028.

The company aims to double its size to over €50 million in revenues through a €10 million investment from venture capital fund Development Capital.

A significant portion of the investment will also be allocated to developing its AI practice, including hiring several senior AI professionals.

This project marks Development Capital’s 14th investment and its first in Cork and Munster. 

It brings the total value of its investments in Irish small and medium-sized businesses to €120 million.

Development Capital partner and co-founder Andrew Bourg noted strong market trends supporting Zartis' growth plan, driven by increasing demand for business digitalisation and a shortage of IT skills. 

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Other companies that have secured investment through this fund include Galway-based Spotlight Oral Care, Nomadic in Donegal, Wogan Build Centre in Louth, and Dublin-based IP Telecom.

Led by CEO Padraig Coffey, Zartis is headquartered in Cork and employs over 280 people. 

It has offices in Spain, Croatia, Germany, Portugal, Britain, and the Czech Republic. 

Coffey said: "The technology services industry is at an inflection point with the massive growth in AI opportunities, and the investment from Development Capital in Zartis will help catalyse further rapid expansion of the business in the years ahead.”

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