Online commerce company Groupon plans to treble its Irish workforce over the next two years as it officially open its international hub in Dublin. The business, which lets local companies sell deals around the world, announced plans to take on another 200 staff by 2016 as it unveiled its research and development base.
Jobs Minister Richard Bruton, who met Groupon executives on two recent IDA investment missions to the US to discuss potential expansions in Ireland, said the investment is a huge boost.
“A key part of our Action Plan for Jobs is attracting some of the biggest ‘born on the internet’ companies to set up operations here, and our success in this area is the envy of many countries,” he said.
Groupon delivers daily deals and real-time digital coupons for consumers and businesses. It is one of the fastest-growing companies in history although has struggled somewhat of late as consumers turn away from discounted certificates. In April 2010, the company was valued at $1.35 billion. Full year revenue increased 7 per cent to $5.8 billion last year.
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