Dublin Web Summit expands its workforce to over 100 staff
Published 28/08/2014 | 02:30
Dublin's Web Summit company has expanded to 104 employees, doubling its size in the last six months, according to executives at the firm.
The company, which expects 20,000 people at its Web Summit event in November, is set to hire a further 20 people in the coming months as it seeks to expand operations into software development.
The company's expansion comes as it increases the size of Dublin's Web Summit and branches out into different territories. This year, the firm held a conference in Las Vegas entitled Collision.
The firm is understood to be developing software that could include intelligent event organisation features. Last year, Web Summit organisers used their own coded software to co-ordinate the event, which attracted over 10,000 tech executives and media to Dublin.
Founder Paddy Cosgrave has spoken before of his ambition to expand the summit beyond conferencing.
Meanwhile, three new senior executives have also joined the firm, including former JP Morgan executive Cian Kennedy, Deloitte corporate financier Joao Alexandre and Dublin investor and former Engineyard executive Eamon Leonard.
Mr Leonard has joined the company as its chief community officer and 'entrepreneur in residence'.
"This is a massive undertaking, both technologically and logistically speaking," he said. "I'm really looking forward to getting stuck in."
Mr Leonard founded and sold a start-up, Orchestra, before becoming vice president of development at the US software firm Engineyard.
The Web Summit previously announced that 200 companies would compete in Europe's largest start-up competition at this year's event. The competition, entitled Pitch, is to be sponsored by Coca Cola. A similar event held at the Web Summit last year resulted in a top prize of €75,000. The 2012 winner of the event, SmartThings, was recently acquired by Samsung for €155m.
The Web Summit was co-founded by Paddy Cosgrave, Daire Hickey and David Kelly. It is privately owned by the three men, with Mr Cosgrave the majority shareholder.
The founders of the company are said to believe that the firm can become "a billion-dollar start-up" within the next few years.