A US software company has announced the creation of 120 jobs in Co Louth.

YapStone International, a provider of web and mobile payment solutions, will provide the positions at its new IDA-supported European and Middle East headquarters in Drogheda.

Recruitment will begin immediately in a number of areas, including customer support, software engineering and finance.

The announcement was made today in California.

Minister for Jobs, Enterprise and Innovation Richard Bruton and IDA Ireland Chief Executive Barry O'Leary met YapStone founders Matthew Golis and Tom Villante.

The announcement forms part of a week-long programme of events with current and prospective IDA clients in Seattle, San Francisco, Silicon Valley and Los Angeles.

"A key part of the Government’s plans for jobs and growth is to attract more multinational companies to Ireland, and e-commerce and payments technology offers particular potential for employment creation," the minister said.

"YapStone is a market leader in this sector and a fast-growing company, and their decision to locate in Ireland for the first time, to establish their EMEA headquarters in Drogheda with the creation of 120 jobs, is great news for the North East and for the country," he added.