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A Galway-based IT security software firm, Copperfasten Technologies, has just announced that it intends to create an additional 37 new jobs at its headquarters in Salthill. The news came as it finalised an investment deal with Oyster Technologies and Enterprise Ireland for a reported €500,000.

The company which already employs 15 people said that the new funding would enable it to roll out an export-led growth plan which it indicated could treble sales over three years.

Ronan Kavanagh, CEO of Copperfasten Technologies, is quoted as saying that this investment and the new positions would allow them to drive sales and scale the company in the forthcoming years.

Copperfasten Technologies was established in 2000 where it developed a web security gateway appliance, WebTitan. In addition it also markets SpamTitan and has over 2,500 customers in 100 countries.

It competes in the same field as global names such as McAfee, Symantec and Cisco.

This announcement is another good news story for Galway which has seen a number of US firms – SAP, HP and Cisco – recently announcing new jobs owing to significant expansions in their Galway operations.

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