US software firm NetSuite has announced the opening of a major data centre in Ireland.

The Dublin-based centre will be one of two new European additions for NetSuite, with a second centre being opened in Amsterdam.

Both units, which are expected to be operational before the end of the year, will support NetSuite's growth in Europe.

The data centres will enable companies to store business data physically in the EU – an issue that has suddenly become much more significant given that the EU Court of Justice today declared the EU-US Safe Harbour framework invalid.

Commenting on the announcement NetSuite CEO Zach Nelson said: "Europe represents one of NetSuite's largest growth opportunities.

“Our data centres in Amsterdam and Ireland are proof of our continued strong commitment to our European customers,” he added.

More than 24,000 companies and subsidiaries use NetSuite to run complex, mission-critical business processes globally in the cloud.