A €1.5m investment in research and development by a Dublin software company will lead to 27 new jobs over the next three years.

Accuris, which develops software for mobile phone companies, currently employs 51 people at its Dublin headquarters. Enterprise Ireland is backing the new investment.

The announcement was made as Enterprise Ireland launched a four-year strategy for the Irish software industry, called The New Software Economy. The strategy says the new software economy is being driven by growth in the internet, and enabled by technologies such as Open Source, cloud computing and Web 2.0.

It says new business models favour small, flexible and innovative companies, which are given access to international markets through the internet, but must also provide support 24 hours a day, seven days a week, to customers all over the world. The report says companies must increasingly operate through partnerships with local agents.

Enterprise Ireland says Ireland has developed strong clusters of software companies, and these must be helped to work together.