Twenty-five jobs will be created in Waterford by an American advertising technology company when it sets up a new hub in the city.
New York-based Kargo has chosen Waterford for its first European research and development centre and the move will generate 25 roles in data science and software engineering over the coming three years.
Kargo already employs about 500 people in 11 bases cross the world, delivering advertising and content across mobile, social, video and other platgorms.
The company says its Waterford team will develop machine learning and process automation in the open web "cookie-less" digital advertising industry.
"Kargo is thrilled to be branching out into new technologies and our focus on R&D efforts is a top priority that will help meet the challenges ahead," said Kartal Goksel, the company's Chief Technology Officer.
"Waterford has demonstrated the skills and has built a reputation for talent in our community, and we are happy to be investing in key resources for continued expansion," he added.
This project is supported by the Government through IDA Ireland and the move has been welcomed by Minister for Enterprise, Trade and Employment Simon Coveney.
"The new facility will provide a hub for exciting new innovations in technology to be undertaken. The announcement will also be a welcome boost to the south-east, and the Government is hugely supportive of all regional investment," he said.
Senior director of engineering with Kargo, Mick O'Brien, said the investment is "a big vote of confidence" in the company’s existing team and in the south-east region.
"With a vibrant cluster of tech companies, a highly-skilled talent pool and excellent programmes available from SETU, Kargo has recognised the fantastic opportunity available here and is making a key investment for the future," he stated.
Mary Buckley, Interim CEO of IDA Ireland, said that the company is a welcome addition to the south-east region's growing technology cluster.
