Social networking company Twitter is to establish an international office in Ireland, the IDA has announced.
It is to begin recruiting immediately for roles in finance, user support and marketing.
Its new office will be based in central Dublin.
Ina statement this evening, the company said: "The Twitter office in Dublin, our third location outside of the US, is a great next step in the company's global expansion."
It is understood the company is setting up an international headquarters, which will service users outside the US.
Files at the company records office show it established a new company called Twitter International in Ireland earlier this month.
IDA Chief Executive Barry O'Leary said Twitter's decision to locate in Dublin would be a fantastic addition to Ireland's digital media cluster.
Minister for Jobs, Enterprise and Innovation Richard Bruton welcomed the announcement, which he said was a massive win for Ireland.
Speaking on RTÉ's Morning Ireland, Minister Bruton said there had been no indication yet as to the number of jobs that would be created.
However, he added other companies such as Facebook and Google had started off small in Ireland, before growing rapidly.
Mr Bruton said Ireland's tax regime and flexible systems were well recognised internationally.
He said it showed that, despite our difficulties, Ireland has real strengths as an economy.
The announcement was made by IDA Ireland this morning in an early morning Tweet.