HCS, an Irish IT managed services and digital transformation company, has announced a €13.2 million investment by 2028 creating 125 jobs while expanding its footprint and enhancing service offerings, according to Irish Tech News.

The investment, funded directly from shareholder capital and reinvested company profits, supports an ambitious growth strategy. The new positions span cybersecurity, risk, compliance, digital services, enterprise sales and presales, with recruitment already underway. The expansion will grow company headcount to 175 employees across Waterford, Cork and Dublin locations.

HCS targets €30 million in annual revenue by the end of 2028. AI adoption drives growth, with customers increasingly incorporating AI into operations to automate processes, boost productivity and maintain competitiveness.

The investment includes opening a new office in Blanchardstown Corporate Park, Dublin. The 4,500 square foot facility features technology infrastructure and collaborative workspaces for employees and customers, supporting expansion of HCS' team and service portfolio across cybersecurity, cloud and digital transformation.

Pamela Farrell, managing director at HCS, said: "This investment reflects our confidence that we are ideally positioned to capitalise on high-growth areas such as AI and cybersecurity. This move marks a significant acceleration in our growth plans as we look to expand our teams and bolster our presence across the country."

HCS acquired the business in November 2024 and expects to reveal an estimated 50% revenue increase in its first full financial year ending 31 March 2026. The company serves over 350 large enterprise, mid-market and SME organisations.

Key growth segments include financial services, healthcare, hospitality, pharmaceutical and manufacturing sectors. Much of the forecasted growth is expected from digital services including AI-driven managed services.

Discover HCS' expansion strategy and service capabilities in the complete article.