SOME 50 jobs will be created by the world's leading password manager when they open their first European office in Cork city.
Keeper Security has announced that it will expand its business with the opening of a new office at 9 Parliament St, Cork, just off the South Mall, at the heart of Cork's business district.
The office will provide local management, enterprise sales and engineering support for Keeper's growing EMEA business customer base.
Keeper is hiring for some of the roles already, with the 50 jobs coming on stream over the next two years.
The team will include a sales director, office manager, training and pre-sales engineers and sales representatives to support the UK, Ireland, Northern Europe, France, Germany, Austria, Switzerland, Italy and the Middle East.
The move is part of a significant growth strategy for Keeper, which anticipates increased demand for password protection and encryption in the coming years.
Darren Guccione, CEO and co-founder of Keeper Security, said, "The European team will be a vital connection to our customers overseas. They will be responsible for adding 20 percent to our total revenue and provide support to the many businesses that need password and data protection. More than 80 percent of data breaches are due to weak or poor password management and Keeper Security plans to be the first line of defence to protect thousands of businesses across EMEA over the next several years."
Heather Humphreys, Minister for Business, Enterprise and Innovation, welcomed the announcement as 'a very exciting project' for Cork.
"The ICT sector has made extraordinary advances in recent years but these bring challenges and password protection and encryption are becoming very significant issues," she said.
Martin Shanahan, CEO of IDA Ireland, said that arrival of Keeper Security further underlines Cork's position as a technology hub.
"Cork already has an established cluster of online security firms in place," he said.
"The city's tech infrastructure, talent pool and supportive academic network have created a compelling business environment which will continue to attract investment from companies operating in this space."