Electronic monitoring company, Tekelek, has partnered with fuel technology leader, Paygo, for business development in their respective markets. The agreement, announced during an Enterprise Ireland Trade Mission led by Minister Sean Canney TD, allows both organizations to capitalize on advances in IoT technologies to provide greater intelligence for the management and procurement of industrial fuels.
Pictured (L-R): Colm Rochford, Tekelek Product Applications Manager; Duane Walton, Paygo Account Executive; Oliver McCarthy, Tekelek General Manager; and Minister Sean Canney TD.
Tekelek is delighted to announce that they secured an order for $1.4m with Paygo to serve the US and Canadian markets. In parallel, Tekelek is now developing an intrinsically safe sensor to facilitate the expansion of Paygo’s service offering.
“This agreement allows Tekelek and Paygo to make the most of a timely opportunity, effectively scaling in new territories,” said Leo McAdams, International Sales and Partnering Manager, at Enterprise Ireland. “We are very pleased to facilitate and support international partnerships between Irish and Canadian businesses as they each seek to develop business in new ways. Today’s agreement between Paygo and Tekelek presents an exciting opportunity for growth, and Enterprise Ireland will continue to support Tekelek’s expansion in Canada.”
Founded in 1995, Tekelek has established a strong European market with a range of tank monitor technologies including the Gremlin Tank Monitor. Tekelek also specializes in control based design and manufacturing solutions. These are collaborative and customized products that pride themselves on meeting environmental highly regulated environmental standards. Tekelek’s niche is delivering product requirements where innovation and flexibility is key.
“IoT in industrial applications is facilitating smarter decision-making and leaner, more agile businesses,” Oliver McCarthy, General Manager, Tekelek said today. “We’re very excited to apply this thinking and our technology to the industrial fuels market-place and we’re similarly pleased to partner with an organization of Paygo’s caliber to bring our technologies to the North America market.”
Phil Baratz, CEO Paygo, said “We at Paygo are delighted to be associated with Tekelek. Having completed a rigorous research and development process, it is great to introduce the Gremlin tank monitor to our customers in Canada and the United States. We see it as strengthening our current range of products and services.”
In recent weeks, Enterprise Ireland’s New York Office collaborated with BNY Melon to create an insightful event focused on the online payments space. The invite only ‘Digital Payments Revolution’ event took place at BNY Melon HQ New York, with the aim of demonstrating how FinTech Companies are changing todays payments landscape and featured a select group of innovative Irish companies that are leading the way.
Brian Ruane, EVP & CEO of Broker Dealer Services BNY Melon hosted the event which was attended by over 200 banking professionals, payment experts, technologists and investors. Karen Preetz, President of BNY Melon, opened proceedings and spoke of BNY Mellon’s commitment to engaging in technological innovation and introduced the participating companies to the audience. In addition a keynote address by Andy Schmidt, Principal Executive Advisor of CEB TowerGroup focused on the changing payments environment and the role of new technologies in the finance and payments world.
A panel discussion followed these speaker insights and centered on the technical challenges that face today’s payments industry and the difficulties encountered trying to meet the ever more demanding needs of customers. The panel featured industry experts from companies such as Mastercard, the Clearing House, BNY Mellon, Ripple Labs and Td Bank.
The event also featured presentations from a number of Irish companies who are currently part of this digital payments revolution. Participating in this event was Fexco, Sysnet Global Solutions, Trustev, Continuum Commerce, Acquirer Systems and Daon.
Rory Griffith, Senior Vice President of Financial Software & Services at Enterprise Ireland, commented that; “collaborating with BNY Mellon to produce such an important and relevant event was a win-win for all stakeholders. The turnout, calibre of attendee, level of interest and follow up from this event has been immense and served to bring thought leaders, buyers and solutions vendors together. BNY Melon recognize both the challenge and the opportunity for banks in corporate payments and across all channels. By adopting a new technology focused strategy Banks are now making venture capital investment, partnering and harnessing the latest innovative payments technologies in order to be more secure, user friendly, multi-channel enabled, competitive, mobile enabled, and flexible for today’s market”.
The 6 companies that presented at this event demonstrated exceptional capabilities and represent a wider payments technology cluster which has benefited greatly from a vibrant Fintech ecosystem of funding, innovation, research & development, commercialization and internationalization that exists in Ireland and covers multiple domains within financial services. Expertise developed from handling multi-currency FX transactions, channels and transfers as both a major gateway to European and other global jurisdictions for US corporates and as a truly globalized economy has contributed much to this payments centre of excellence and constant innovation.
Outside of payments, Enterprise Ireland is having great success in driving other Fintech vendors to seize on multiple opportunities and solve the biggest market problems by replacing legacy systems in favour of smart, agile, compliant, revenue generating, secure solutions that the global market place demands and needs.
This April, ten Irish companies will descend on New York City for INTERPHEX 2015. After a successful visit to the show in 2014, which is a Bio pharmaceutical/Pharmaceutical development and manufacturing trade show, there was substantial interest in a return visit this year.
These companies will be eager to promote their specialties in project management, manufacturing, construction, lean transformation and containment equipment to attendees at the show. To provide a better insight into the spectrum of Irish technologies we have profiled the companies below. If you would like to meet with any of them during the show or at our networking event on the 22nd of April, please contact;
firstname.lastname@example.org | +1 (617) 235-1605
Ardmac is an international company specialising in the construction of high value working environments for global brands. They specialize in constructing:
• Quality interior space to the fit out and refurbishment market;
• Cleanroom and controlled environments to research and manufacturing facilities complimented by a range of specialist products.
Bruce Shaw is an international construction consultancy firm with over 40 years’ experience, providing cost and project management and general consultancy services to the global construction industry.
With offices in 22 locations throughout Ireland, the UK, Europe, the GCC, USA, Asia and Australia they currently work for clients in 150 cities in over 40 countries around the world.
BSM USA Inc.
BSM is the global leader in the provision of Real Lean Transformation services to Life Science companies. BSM specializes in implementing Real Lean in QC Laboratories, QA-related processes and R&D departments’. Clients seek help from BSM when their businesses need step changes in performance on a scale which generic Lean/Sigma techniques cannot deliver. They specialise in the implementation of ‘Real Lean’ techniques, specifically Levelling, Flow and Standard Work. BSM is currently supporting global Lean programs in 4 of the world’s Top 6 pharmaceutical companies.
Specialists in calibration, commissioning, contract staffing, operations and maintenance & automation, LotusWorks is over 25 years supporting some of the world’s largest manufacturers in Ireland and the USA.
PM Group has a history in engineering, architecture and project management. They are in business for 40 years; today they are one of the world’s leading professional services companies serving major multi-national clients across the world.
Prosys Sampling Solutions
ProSys Sampling Systems Ltd specialises in the design and manufacture of sampling and containment equipment to meet the changing requirements of the pharmaceutical industry. Their products include both Containment and Aseptic Isolators.
The company’s philosophy is to contain the hazard at source, minimise cleaning, maximise flexibility and maintain an environment that is safe for all personnel. All their designs have been fully tested and qualified to contain potentially hazardous material to extremely low levels whilst still retaining the flexibility that is required in the production area. ProSys continuously innovates through developing our team of system specialists which ensures continuous learning.
Dortek is the leading supplier of hygienic GRP doors to the pharmaceutical, healthcare, food processing and laboratory sectors worldwide.
Team Horizon/ SCOPEFISH
Manufacturing Specialist delivering Engineering Solutions, Quality Management and Process Excellence to leading manufacturing organisations.
Kneat Solutions Booth: 1957
A key challenge for pharmaceutical manufacturers in going paperless is to achieve better quality. Kneat’s innovative software facilitates this by enabling a consistent, structured and transparent approach to Validation. Kneat delivers significant value innovation through enhanced compliance, reduced costs and audit readiness in real time.
Partswashing & Format Part Manufacturers
TEG provide responsive, cost effective solutions and have a successful track record of servicing leading pharmaceutical companies. TEG provide parts washing accessories, sterile-fill format parts and tablet blister tooling and tablet feeding systems.
Shareholder and Stock Plan Services is a complex business and Global Shares offers highly innovative web based solutions. The SaaS Company has clients in 100+ countries who benefit from the use of their next generation software for their equity plan management. This number is set to grow swiftly with some strategic developments.
Global Shares has unveiled a major expansion plan for 2015 marking the culmination of a comprehensive phase of software development. As the Company gets ready to launch its new Software Products onto global markets a number of key announcements have been made:
Company Announcements & employee growth
The Company has appointed 4 new key Executives to drive the company’s momentum forward. These include the announcement of new Board member, IT entrepreneur, David Raethorne. A new Marketing Department will be managed by Aisling Riordan and Kathie Zedack joins the US team as Client Relationship Manager.
David Raethorne, Director
- New ‘ROW’ Sales Team
- New restructured US Sales Team and Operations Departments
- 20% YOY growth at the Company’s employee base in Cork, Ireland
- Re-seller partners (Elian, Continential Stock, IFG, Capita & others) actively introducing Global Shares to new markets
- Overall employment expected to more than double in the coming three years.
A new London Office will open in January located at St. Paul’s beside the London Stock Exchange while earlier in 2014 the company relocated to larger offices in New Jersey.
New APSS Software
Global Shares has launched a campaign promoting its exceptional new APSS software product, targeted at Irish-based companies who are operating employee share incentive schemes. The software is applicable to both public and private companies who have Irish employees.
Speaking about the recent developments, Tim Houstoun, CEO of Global Shares said,
We have grown substantially in the last two years and we now have the opportunity to further our success to date. Our equity compensation management solutions are the best-in-class and our mission now is to communicate the strength and depth of our product and service offering to the market. We welcome all our new Team Members and look forward to a productive 2015
To find out more visit: www.globalshares.com or to keep abreast of our latest software developments subscribe to our Global Blog here. See our latest software in action here.
More about Global Shares:
Global Shares offer market leading employee equity plan software solutions and consultancy services across the globe. With offices in North America, Ireland, UK and China they provide unrivalled, innovative software solutions for Private, pre-IPO and Public companies including a range of equity administration and financial reporting (IFRS & US Gaap) tools that are fully customizable to each customer’s needs.
As ambassadors of the Equity Industry their delivery of state-of-the-art software solutions sits alongside the provision of award winning consultancy and administration service to their customers. Their client portfolio stretches across 5 continents and varying jurisdictions; delivering a personalised experience to each user. Global Shares have built a formidable list of high quality clients such as Cargill, Nokia, Ambev, UniCredit, Telefonica, Ambev, Sallie Mae, LivingSocial and many others.
Ciara Halliday, Enterprise Ireland, Toronto
The FTMTA Farm Machinery Show 2015 took place at Punchestown Racecourse on February 5th, 6th and 7th. When the event was last held in 2013 there were 18,000 visitors over the three days and FTMTA CEO Gary Ryan was hoping for an even larger number this year.
Enterprise Ireland Toronto helped client company Samco Systems to organise an itinerary for their five Canadian dealers who travelled to Ireland for the show. On Wednesday 4th February the group travelled to the Lyon’s Estate where Dr. Bridget Lynch (UCD School of Agriculture and Food Science) presented to the group on Irish Agriculture; covering specifically the dairy industry and the role of forage maize. The presentation was followed by a tour of the research farm where Dairymaster Moo Monitors, Richard Keenan and Co vertical mixers and Easyfix mats and stalls were all seen.
On February 5th the group travelled to the Farm Machinery Show for Day 1 of the event. They walked the show in the morning, followed by a tour of the show with Michael Moroney in the afternoon. Michael Moroney is motoring and vintage editor with the Irish Farmers Journal. He worked at the Journal from 1979 to 2000 as Farm Machinery and later Motoring editor. He then became chief executive of the Farm Tractor and Machinery Trade Association (FTMTA) until 2008. During that time he maintained a weekly motoring column and established the Vintage Page within the paper. He re-joined the Journal in 2011 as Machinery and Motoring editor. Michael started with a brief introduction to Irish agricultural machinery and then guided the group through Pavilion 1, 2 and 3 to point out Irish companies of interest. In particular for the Canadian visitors, they were very interested in Richard Keenan & Co, Major Equipment International and baling companies such as McHale and Tanco.
An evening reception was held in the President’s Suite for all 29 international visitors to the show. Neil O Sullivan, Enterprise Ireland welcomed the group to Ireland. Gary Ryan, CEO FTMTA, gave a brief overview of the Farm Machinery Show history and thanked Enterprise Ireland for organising the international group of visitors. When dinner was over the visiting Canadian and international dealers were invited to have one last walk around the show where Irish exhibitors had waited after the public left, to facilitate one to one meetings.
Friday 6th saw the European visitors travel to a farm for the morning, while the Canadian visitors travelled to Adare with the Samco team. Overall the international visitors seemed very interested in the Irish companies they met with and impressed by the machinery they saw at the show and on the farm visits.