US technology giant IBM is to invest over US$3bn over the next four years to establish a new internet of things (IoT) unit that it envisages will be a US$40bn a year business by 2018.
Dublin: 31.03.2015 09.25AM
Taoiseach Enda Kenny TD with Yahoo! CEO Marissa Mayer last year
The move is in line with Yahoo!’s announcement last year that it will be expanding its presence in Ireland with 200 new employees at its Dublin operations.
“We've decided to reorganise our operations further and therefore, as of 21 March 2014, services provided from all our European websites will be provided by Yahoo! EMEA, in Ireland.
“The structure of our business is driven by business needs and we believe it is in the best interest of our users to have Yahoo! EMEA provide all services for all users in the region,” Yahoo! said.
The company said the business decision has been influenced by the extensive data centre infrastructure Yahoo! has built up in Ireland.
“In respect of Ireland in particular, Dublin is already the European home to many of the world's leading global technology brands and has been a home for Yahoo! for over a decade,” the company said.