Forty jobs are to be created at a new R&D centre at Cleve Business Park, Cork.
The €4.4 million investment at QUMAS will see 26 dedicated R&D jobs being created over the next two years at the company's Cork headquarters.
Mr Martin said: "With support from Enterprise Ireland's Scaling Division, QUMAS has the potential for further strong growth in international markets."
Paul Hands, QUMAS chief executive, said: "We aim to improve our market penetration in the US and Europe where we are targeting incremental sales in excess of €40 million over the next five years."
