Cybersecurity firm Paradyn to expand further, adding 20 jobs

IT and cybersecurity firm Paradyn will add 20 jobs across Cork and Dublin over the next two years as it expands its operations to Irish and UK customers.

The company expects to grow its revenues from €9m to €13m within this timeframe across Paradyn and Vault365, its data backup and recovery specialist unit.

The new roles are being created in the areas of cybersecurity, network services, and sales.

Paradyn said it was targeting a 25% increase in its customer base in the next two years, with a particular focus on enterprise, local government, and central government. In response to evolving cyber threats, Paradyn will also be expanding its 24/7 support services for customers.

Chief executive Cillian McCarthy said: “We are on an exciting path of continued growth as cyber risks become ever more complex. Across the board, we are seeing an increased demand from customers for specialist cybersecurity solutions and services, and the need for high-quality technical talent remains at an all-time high.

“To meet evolving needs, we are expanding our team to enable our customers to grow and succeed, safe in the knowledge that their critical and sensitive data is protected,” he said.

“In addition, with our deep experience in rolling out cybersecurity frameworks, Paradyn is well-positioned to advise on and implement the necessary steps to ensure that our customers are compliant with changing regulations such as NIS2.

“We are looking forward to growing our technology expertise and continuing to roll out new and enhanced services to both new and existing customers.”

The company sees the growth being driven by a lack of in-house cybersecurity resources among customers, an increasing focus on cybersecurity best practices, and requirements around legislation such as the NIS2 Directive on cybersecurity.

In January, Paradyn secured a tender to manage IT services for six local authorities in a deal worth €500,000 over three years. The deal saw the firm provide access to technical engineers and managed IT support for councils in Cavan, Leitrim, Longford, Louth, Monaghan, and Dún Laoghaire-Rathdown.

The contract includes increased network and data security at the councils’ offices and libraries to ensure sensitive information is protected for employees and more than 600,000 citizens in the six areas.

The service is also enhancing network performance for up to 3,500 county council employees.