Ireland’s third fastest growing tech company announces up to 100 new jobs as new Limerick office opens

LIMERICK, Ireland, March 4, 2022 /CNW/ – kneat.com, inc. (TSX: KSI) (“Kneat” Where “the company”) Limerick-based software company Kneat will today announce the creation of up to 100 new jobs when it opens its new 13,000 square foot LEED GOLD sustainable green office at Hawthorn House in the National Technology Park in Limerick.

kneat.com, inc. Logo (CNW Group/kneat.com, inc.)

The new positions will focus on sales and marketing, research and development and customer success, bringing its total workforce to more than 300.

The company, which develops cloud-based software solutions for the life sciences industry, counts seven of the world’s ten largest biopharmaceutical companies among its customers. Founded in Limerick in 2007 by experts from the pharmaceutical and IT industry Eddie Ryan, Kevin Fitzgerald and Brian Ahearnethe company has experienced record growth in recent years.

At a ceremony attended by the Taoiseach of Ireland, Micheál Martin and the CEO of Enterprise Ireland, Leo Clancythe company’s new 13,000-square-foot Hawthorn House office to be declared ‘open for business’ by Kneat co-founder and CEO Eddie Ryan.

“As a Limerick man I have a deep connection to the people and the city of Limerick which is why I am very happy to share the news today that Kneat is announcing up to one hundred new jobs to be filled. over the coming year.”, mentioned Eddie Ryan. “We are also very pleased to declare our new office at Hawthorn House open for business.”

Today’s jobs and announcement of a new facility are the latest in a list of milestones for the growing company, which came third in the Deloitte Technology Fast 50 Ireland Awards in December 2021. In November, the company moved from the Toronto Venture Exchange (TSXV) to the Toronto Stock Exchange (TSX) and closed a public equity financing of over 20 million Canadian dollars earlier in the year.

About Knee

Kneat, a Canadian company with operational headquarters in Limerick, Ireland, develops and markets the next-generation Kneat Gx SaaS platform. Several business work processes can be configured on the platform, from equipment validation to IT system validation to quality document management. Kneat’s software allows users to create, review, approve, run online tests, manage all exceptions, and post-approve final deliverables in a controlled platform that is FDA 21 CFR Part 11/Eudralex Annex 11 compliant. Macro and micro reporting dashboards allow powerful monitoring of all systems, projects and processes globally. Customer case studies report productivity improvements greater than 100% and a higher standard of data integrity and compliance. For more information, visit www.kneat.com.

Cautionary and forward-looking statements

Except for statements of historical fact contained herein, certain information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information includes, but is not limited to, the relationship between Kneat and the customer, Kneat’s business development activities, timelines for the use and implementation of Kneat’s software as part of the validation processes of the Customer, Customer’s ability and intent to evolve Kneat’s software usage within Customer’s organization, and Kneat’s platform compliance through audit and regulatory inspections. Although these forward-looking statements are made by Kneat, as set forth in this release, in good faith and believed by Kneat to have a reasonable basis, they are subject to significant risks and uncertainties. Due to these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, as they involve risks and uncertainties.

The forward-looking information contained in this press release does not include a full assessment or consideration of the unprecedented impacts of the COVID-19 pandemic occurring since the first quarter of 2020 and the ongoing and developing indirect global and regional economic impacts that result. This has resulted in significant economic uncertainty and while the Company has not experienced any material impact to its operations to date, any potential impact on our future is difficult to understand or measure at this time.

Kneat undertakes no obligation to release revisions to any forward-looking statements, except as may be required under applicable securities laws. Investors should not assume that any failure to update a previously issued forward-looking statement constitutes a restatement of such statement. Any continued reliance on forward-looking statements is at the investors’ own risk.

SOURCE kneat.com, inc.

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