US technology giant Adobe is to base the European side of its new cloud-based service in Ireland.

Adobe Chief Technology Officer Kevin Lynch told RTÉ News that its new Creative Cloud service would be hosted in Dublin when it launches later this year.

Mr Lynch made the comments following a 30-minute meeting with Taoiseach Enda Kenny on the margins of the World Economic Forum in Davos.

It had earlier been reported that this service would involve the creation of new data centres in Ireland, however a spokesperson for Adobe said this was not the case.

It said Mr Lynch's comments had been misconstrued and he was only referring to an "expansion of the company's already existing partnership with Amazon Web Services".

The software company already has a base in Citywest in Dublin.

Its Irish-registered Adobe Software Trading Company, which acts as a holding company for many international subsidiaries, reported revenues of €1.1bn in 2009 and a net profit of €384.5m.

Adobe Systems Software Ireland currently employs 94 people in Ireland.

Adobe's Vice President Bill Rusitzky said it was too early to say how many new jobs would be created by the new "hosted services".