US cybersecurity company ThreatLocker has announced the creation of 120 jobs with the opening of its new EMEA Headquarters in Blanchardstown, Dublin.
The firm said it is the first step of a major European expansion plan as the EU prepares to introduce new legislation, the Digital Operational Resilience Act (DORA), which will place additional cybersecurity requirements on financial services providers.
ThreatLocker said its move into Ireland is designed to capitalise on DORA and the growing demands for businesses to strengthen their cybersecurity.
''Launching in Dublin today is a major strategic milestone for ThreatLocker as we begin our expansion into the European marketplace," said ThreatLocker’s Chief Executive and Co-Founder Danny Jenkins.
"Our company has many Irish links and Dublin is the EU headquarters of so many major global companies, so it is the perfect location," he added.
ThreatLocker said it has ambitious targets for growth and is aiming to strengthen its foothold in the EMEA region as it works with businesses to protect against cyberattacks including ransomware.
"Cybersecurity is an increasing problem for many businesses with the number of sophisticated cyberattacks increasing day by day, costing businesses huge amounts of money," Mr Jenkins said.
In May, Cyber Ireland released a report outlining how the cybersecurity sector has the potential to generate 17,000 jobs in Ireland.
7,500 people are currently employed in the industry by 490 firms, contributing around €1.1bn to the Irish economy annually.
