Version 1, a consultancy and outsourcing business, which has offices in Dublin, Belfast and Cork, made the announcement as it opened new headquarters in the capital.

Richard Bruton, Minister for Jobs, Enterprise and Innovation, said the company has achieved astonishing levels of growth since setting up in 1996.

"If we are to get out of this crisis and create the levels of employment we need, we must create an indigenous engine of economic growth," he said.

"Indigenous companies provide proportionately three times more benefit to the Irish economy than multinational companies, and while FDI (foreign direct investment) will remain a crucial part of our economic strategy, I am determined to support high-growth indigenous companies in every way possible."

Mr Bruton pledged to continue to support more companies like Version 1.

Justin Keatinge, Version 1 managing director, said the company was halfway through a major recruitment programme announced in May.

"Our growth plans are on track with annual turnover increasing by 40% to 25 million euro this year. Based on a strong deals pipeline, we are forecasting an additional 20% growth in sales next year," he said.

Meanwhile, cloud computing software firm Ammeon said it will create 20 jobs in Dublin and the country's largest pet retailer, Maxi Zoo, is to create 15 jobs by opening its first store in the south-east, in the Butlersland retail park on the Cork Road in Waterford.