Cloud company Wave 2 Wave for Dublin
Published 07/06/2015 | 02:30
Cloud infrastructure company Wave 2 Wave Solution Corporation is coming to Ireland.
The company, which employs 200 people worldwide, has hired Cian Hughes, head of operations at the Irish Technology Leadership Group, to lead its Irish arm.
Wave 2 Wave founder and chief executive David Wang told the Sunday Independent that the company's short-term offices will probably be located in Fingal. Its Irish base will be the company's headquarters for Europe, the Middle East, Africa and India.
The company uses robotic software to reduce the amount of cabling and manpower required to run a data centre.
Chinese-American entrepreneur Wang said the company chose to come to Ireland because of the "overall ecosystem and the innovation atmosphere that's around the country".
"Tax is a part of the game - but you can't just look at the tax without looking at the overall benefit that a company can come to Ireland for.
"Our business has been very big around the Fortune 500 key technology companies, and that's why we're expanding. We're in Israel, that has similar customers to what we have in Silicon Valley. We're also expanding to India, which also has a tremendous concentration of technology companies. As does Ireland."
Wang would not reveal the company's current revenues but in 2011 he told the Silicon Valley/San Jose Business Journal that the company was looking to go from $10m to $100m by 2016.
California-based Wave 2 Wave is not related to Wave 2 Wave Communications, which postponed an IPO in 2010.
Sunday Indo Business