MORE than 50 people will be employed by cyber-security firm AlienVault when it takes up space in The Capitol later this year.
The company, which is the world's leading provider of commercial and open source cyber-security software, has operated in Cork since 2014.
The multi-million redevelopment of the Capitol is continuing at pace, with the protective hoardings at the construction site removed in recent days.
It is expected that developers will reveal the retail tenants for the site sooner rather than later, with hopes high in the area that the development will be open for business by the summer.
While operators are remaining tight-lipped on who is set to take space in the state-of-the-art retail and office development, a spokesperson for AlienVault confirmed that the company is set to move from its Wellington Road office to the new space on the Grand Parade.
Founded in 2007, AlienVault established its EMEA sales and technical support centre in Cork in 2014.
Currently, the company employs 30 staff on Leeside, with a spokesperson confirming that this figure will surpass 50 by the end of the year.
AlienVault is expected to be joined in the new Capitol development by Huawei, the Chinese telecommunications giant, and Facebook, who have already commenced hiring staff for its virtual reality focused operations.
More than a dozen Cork-based roles are currently being advertised by Facebook, including positions for hardware engineers, research scientists and technical recruiters.
Meanwhile, rumours locally that the Dublin-based Press Up Entertainment Group was set to take a stake in the soon-to-open Oyster Tavern have been dismissed.
The historic bar is being redeveloped as part of the multi-million euro development, with speculation rife in recent days that Press Up was set to increase its presence in Cork.
The Dublin-based entertainment group, which is controlled by Paddy McKillen Jr, already operates Suas in Cork, as well as a number of high-profile bars in the capital, including the Workman's Club.
However, a spokesperson for the group confirmed that it was not taking over the premises and it was unaware of any deals.