Sligo networking company Fastcom is to create 25 new jobs on the back of a substantial €1.2m investment in a new Network Operations and Security Centre.

The company is growing on the back of significant business gains in the UK, Singapore, Holland and Belgium and revenues have rocketed 25pc in the past year.

The company is aiming for a 200pc increase in revenue in the next three years, particularly through focus on real-time solutions for retail, which include real-time automated threat response and alerts, as well as high-speed identification and resolution of unsecure devices in a customer’s infrastructure.

Fastcom manages more than 30,000 network connected devices for multi-site retailers, giving them a view of their entire network from one location.

Fastcom secures the 21st-century retailer

“Fastcom is unique in Ireland; no one else is doing what we do,” explained managing director Ross Palmer.

“By pulling a company’s whole network together and looking at its IT holistically, we can diagnose problems quickly and reduce callouts from IT service people by 50pc. We strive to make IT people more productive and actively help them identify areas for improvement to boost business performance.”

The 25 new jobs will bring headcount at the Sligo company to 40 people. The expansion is being funded through private and direct0r-funded investment.

Founded in Sligo in 2004, Fastcom provides a range of connectivity and network operations services for multi-site retailers across Ireland and the UK.