Thu, 14 Nov 2019

Nasdaq-listed company expands operation in Ireland

Conor Trindle
11 Oct 2019, 07:40 GMT+10

CO. SLIGO, Ireland - E-commerce and technology giant Overstock.com, Inc. has opened its new European base in the IDA's flagship North West business park in Sligo.

The Nasdaq-listed company last year announced the creation of 100 new technology jobs including senior roles in areas such as software development and testing, machine learning, and data analytics.

It now has more than 80 technologists working in Sligo and is on target to recruit another 20 staff before the end of the year.

The company says it has been successful in underlining the affordable cost of living and lifestyle options in the North West along with attractive career progression opportunities.

Overstock has invested 1 million euro in making the move to the Westgate tech campus in the IDA's business park in Finisklin, Sligo town.

The new facility was officially opened by Leo Clancy, Head of Technology for IDA Ireland with Overstock's President of Retail Dave Nielsen, Chief Administrative Officer Carter Lee, and Irish-based Vice-president and Site Lead David Kenny.

"We're absolutely delighted with our new home and getting all our teams back under one roof. It further validates Overstock's choice of the North West as a great place to do business and build high performance software development teams. The combination of a diverse career path, a cutting edge tech environment and a great work life balance has really resonated with the techies who continue to join our growing team," David Kenny, Overstock Vice-president and Site Lead said Thursday.

Overstock CEO Jonathan Johnson added: "When we opened our Ireland office in 2013, we knew there was something special with the tech environment of Sligo. Our Irish team has been instrumental in many of our technological innovations over the years, including advancements in machine learning, augmented reality, and blockchain applications. It's great to open the doors to a new campus the team can grow and call home."

Welcoming the new expansion by Overstock, the Minister for Business, Enterprise and Innovation, Heather Humphreys said: "I am delighted to congratulate Overstock on the opening of their new facility in Sligo. Their presence here is a significant boost the region, and demonstrates, once again, that we have the right skills and talent to attract quality companies."

Leo Clancy, Global Head of Technology, Consumer, Business Services in IDA Ireland was appreciative of Overstock's success in attracting technology talent to the North West.

"IDA Ireland focuses on winning investments all across Ireland and the North West has a huge amount to offer companies. It is great to see an online leader like Overstock investing in Sligo and creating very highly skilled technology roles. This expansion clearly illustrates the talented workforce available here and we really value the significant investment and continued partnership with Overstock," Clancy said Thursday.

Overstock is a billion-dollar online retail shopping site and technology company founded in 1999 in Salt Lake City, Utah. In 2014, Overstock founded Medici Ventures its wholly-owned blockchain subsidiary focused on introducing blockchain technology to existing markets.

(Pictured: John Nugent, Manager, Business & Relationship Development, Border Region at IDA Ireland; Overstock's President of Retail Dave Nielsen; Irish-based Vice-president and Site Lead David Kenny; Lucia Macari, Overstock Senior Team Leader, and Chief Administrative Officer Carter Lee).

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