A TOP worldwide internet company is to set up its European, Middle East and Asian headquarters in Drogheda.
Minister Fergus O'Dowd expressed his delight this week at the news and the role of the IDA in the project.
Nextag, founded in 1999, specialises in online shopping sales, and obtains over 50 million consultations a month.
The number of jobs secured by the move to the former Ulster Bank offices at South Quay is said to be 'substantial'.
' This second major job announcement in as many weeks is a another huge boost for the area,' the minister said.
Nextag operates sites in the US, Britain, Europe and Australia and Japan and its headquarters are in San Mateo, California. DROGHEDA HAS landed a second major jobs announcement in the past two weeks with confirmation that a world leader in internet shopping is moving to the town.
Minister Fergus O'Dowd has announced that Nextag will be creating a number of new jobs for Drogheda as a result. The exact number is said to be 'substantial'.
'I am delighted to be announcing that independent comparison shopping company Nextag has chosen Drogheda as the international headquarters for its non-US operations,' said Minister O'Dowd.
Nextag works with some of the biggest names in world retail, such as Ralph Lauren, Nordstrom, Walmart, Sears and Target in addition to existing IDA clients such as Dell, eBay, and Buy.com.
The company are ready to hit the ground running and are already in the process of recruiting key staff from the local region to work in their new offices at South Quay in Drogheda.
He said that Nextag join key players such as Coca- Cola and online payments company Yapstone International in recognising the unique qualities that Ireland - and specifically Drogheda - have as a link location between the US and Europe, the Middle East and Asia.
Nextag has an award winning reputation and has been named in the top websites list by the likes of TIME magazine, Deloitte Technology, San Francisco Business Times and the Silicon Valley/San Jose Business Journal.
The company is part of The Wize Commerce Shopping Network and achieves over $1.1 billion in annual worldwide sales and the Drogheda jobs will see the company expand its global finance and accounting operation as well as sales. It deals with a staggering 300 million Facebook ads each week.
' This second major job announcement in as many weeks is a another huge boost for the area, and should lead to more companies following suit as we aim to become a hub for such services,' the minister added.
'Foreign Direct Investment in Louth has more than doubled from 4.1 to 8.8 per cent over the past three years, a figure which cannot be rivalled anywhere else in Ireland.
"With the two jobs announcements in the past week, this figure will be nearing 10 per cent of all Foreign Direct Investment into Ireland.
'Our infrastructure, location and proximity to Dublin Airport makes us an ideal choice for companies looking to invest in Ireland - and also to talk to their operations in the near and far east during the working day. We have a well-educated, highlyskilled and readily available workforce, coupled with crucial industry partnerships in the area of technology which have been forged through DkIT.'
He wished to acknowledge the role played by IDA Ireland in achieving the result the town is celebrating and for their work with the American company over the past number of years.
'Nextag's investment here represents a very significant consolidation of Ireland's leadership position as a successful location for leading-edge global investments, and the company is to be congratulated' he continued.