MongoDB, a US software company listed on Nasdaq, has signed a lease on a new office in Dublin worth $27m (€23.8m) with the capacity for 500 employees.
The 41,000 sq ft office space, which will act as the US company's international headquarters, is based in Building 2 of 1 Ballsbridge, Shelbourne Road Dublin, a property owned by the Comer Group. The development is close to the company's former office, which is also on Shelbourne Road.
Over 200 staff will have access to the new facilities from the day it opens, with a broader capacity for 500.
According to recently filed documents in the US, MongoDB agreed to the new lease in December.
The contract began during the three months ended April 30 for a term of 12 years with two five-year renewal options.
It was determined to be an operating lease with total estimated aggregate base rent payments, excluding the renewal options, of approximately $27m.
Jillian Gillespie, senior vice president of finance and operations at MongoDB, will lead the site. She said the new lease marked a significant moment for the software company.
"Our move, albeit not far, signifies a huge moment for us at MongoDB," she said. "We've experienced rapid growth over the last two years and quickly outgrew our previous office.
"The relocation gives us a real opportunity to re-define the purpose of our office, what it means to us, how it reflects us and our commitment to Dublin. We're really excited to finally move in when we can and to give our employees the office they deserve."
Gillespie added MongoDB was working with local authorities to ensure that when it does open the new office that it meets suitable health guidelines for its employees.
MongoDB provides a general-purpose database platform which is designed to help developers utilise software and data for the applications they build.
The company, valued at around $11.51bn (€10.22bn), is headquartered in New York and has more than 18,400 customers in over 100 countries.
MongoDB came to Dublin in 2013 to establish its EMEA headquarters in the city as part of an aggressive growth plan, beginning with customer and technical support.
In 2017, it announced that it would be expanding its presence in Dublin, growing its number of staff from 75 to 150.
It is currently advertising for 22 positions in Dublin.
Sunday Indo Business