Posted June 2nd, 2011
Marketo, an IT company specialising in revenue-performance management, will create 125 jobs in Dublin over the next three years. The company is one of the fastest growing in Silicon Valley, the technology hub in northern California which is home to such giants as Google and Yahoo.
Recruitment is already underway thanks to an initiative kick-started by IDA Ireland. Minister for Jobs, Enterprise and Innovation, Richard Bruton, said that the firm could be at the forefront of the budding industry of cloud computing, but only if the government act quickly. “Government must act if this potential is to become a reality. Earlier this month, I announced the establishment of an applied research centre supported by Ђ5m of Government funds to help ensure thatIreland can realise its potential and become a world leader in this high-growth area.” According to a recent report, the cloud computing industry could be worth as much as Eur9.5 billion by 2014 and employ 8,600 people.
CEO and president of Marketo, Phil Fernandez, explained the selection of Ireland as a European base by citing its “large talent pool of skilled people”. IDA Ireland chief executive Barry O’Leary said: “This is a great win for Ireland as Marketo is a global leader in the fast-growing area of revenue performance management. The company will be creating high-value jobs and the decision to establish here further boosts Ireland’s growing reputation as a location of choice for cloud computing.”