independent

Tuesday 21 October 2014

120 jobs for town, and more to come

SECOND U.S. COMPANY IS EXPECTED TO CONFIRM

HUBERT MURPHY

Published 31/10/2012 | 10:49

A FURTHER jobs announcement for Drogheda is expected shortly after confirmation that a major American firm is moving to town.

YapStone, which specialises in electronic payments for services such as rents and holidays, is creating 120 jobs over the next three years.

The announcement followed lengthy negotiations with the IDA, while the visit of the Local Heroes team to California last year has been seen as a key mover in the bid to secure the company.

It is hoped a second American-based announcement will be made shortly.

Cllr Kevin Callan, who was part of the delegation to the US last year, said: 'I am confident from the meetings we had that we will have more good news soon but I don't wish to frustrate the efforts of the IDA.' DROGHEDA is to get a significant employment boost with the creation of 120 jobs over the next three years at the new European base of American firm YapStone International Ltd.

The company specialises in the electronic payments for services such as rents and holidays. They are regarded as one of the market leaders in the US, responsible for three million apartment units and also raising over $300m for faith-based and other non-profit organisations through its ParishPay scheme.

The announcement was made in the USA by Minister for Jobs, Enterprise and Innovation Richard Bruton. The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.

It followed a meeting with YapStone founders Matthew Golis and Tom Villante. They had been investigating the Irish market and a possible Drogheda link-up for nine months before making the decision.

'A key part of the government's plans for jobs and growth is to attract more multinational companies to Ireland, and e-commerce and payments technology offers particular potential for employment creation. YapStone is a market leader in this sector and a fastgrowing company, and their decision to locate in Ireland for the first time, to establish their EMEA headquarters in Drogheda with the creation of 120 jobs, is great news for the North East and for the country,' said minister Bruton.

IDA CEO Barry O'Leary has also praised the move. ' The fact that YapStone has chosen Ireland as its first base outside of the US is another example of the significant benefits that we offer to US companies looking to expand into the EMEA region.'

The company founders see the move to Drogheda as a great way of expanding their business. They already have a temporary base in Ballsbridge.

' The core markets we serve – such as vacation home rentals, apartment rentals and non-profit organizations – are borderless. We see tremendous opportunities to leverage our experience and success in the US market to significantly grow our business internationally,' Tom Villante, co-founder and chairman of YapStone, added.

Matt Golis, CEO and co-founder of YapStone, continued: ' With our new headquarters in Ireland, we have a strong gateway to the European market, and look forward to working with the Irish Government and IDA to create jobs in Ireland for many years to come.'

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