US-based internet company, Yahoo is to establish its European operations headquarters in Dublin, the Irish Department of Enterprise, Trade and Employment announced this week.
The new operation will be responsible for Yahoo’s European business in three main areas including: a shared services centre, responsible for accounting and revenue activities and statutory reporting; a web hosting centre, supporting databases for Yahoo’s family of websites, applications and systems; and a customer support centre, comprising a centralised multi-lingual support service and website editorial team.
Welcoming the investment, Micheál Martin, Minister for Enterprise, Trade and Employment, commented: “The extent of the activities to be undertaken and the level of investment by Yahoo, the number one internet brand globally and the most trafficked internet destination worldwide, makes the winning of this Operations Headquarters a truly outstanding achievement for Ireland.”
Mr Martin added: “IDA Ireland faced strong competition from other worldwide locations for this investment and the company’s decision to locate here proves that Ireland is a serious contender for the world’s largest Internet companies.”
Meanwhile, John Marcom, International Senior Vice President of Yahoo Inc, revealed that Ireland represented an ideal location for the firm’s new regional HQ, explaining that: “Our decision to locate the European Operations Headquarters in Ireland was influenced by several factors - the success of our existing operation in Dublin, Overture Services, which has surpassed all forecasted operating targets; the calibre and volume of graduates available in Ireland; the up-to-date and cost competitive telecommunications and data centre infrastructures and the assistance of IDA Ireland.”
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