Red Hat Announces Plans to Invest €12.7m in New Waterford Project
The world’s leading provider of open source solutions, Red Hat, has announced its plans to invest €12.7M in a new project, committing to create up to 60 jobs in Waterford over the next four years.
The North Carolina based company was established in 1993 and has more than 85 offices globally, employing more than 10,000 people.
Red Hat’s Waterford office was established in 2014 following its acquisition of the cloud-based mobile software company, FeedHenry, which currently serves as the company’s global hub for research into mobile application development technology. In addition to Waterford, Red Hat has two other offices in Ireland including Cork and Dublin.
Speaking about the announcement, Dr. Mícheál Ó Foghlú, CTO at Red Hat Mobile, said: “The opening of this new office, and the announcement of the investment, is the result of significant work by all of the staff here in Waterford, most of whom are working on challenging new mobile technologies. We look forward to taking our place as a key pillar in the Information Technology landscape in the region.”
As an open source software provider, Red Hat uses a community-driven approach to develop and supply software-based operating systems, virtualisation, middleware, storage and cloud technologies. The company is focused on developing leading-edge open source technologies in areas that include containers, messaging, big data, real-time computing, middleware, management, mobile, security and identity.
Red Hat’s new investment in Waterford is an example of the company’s commitment to these technologies and the talent that makes them possible.
Making the announcement in Waterford, Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor said: “This is terrific news for Waterford and the South East and I warmly welcome the creation of up to 60 high value R&D jobs which Red Hat has committed to create here over the next four years. This investment of €12.7m shows the confidence Red Hat has in its Waterford staff and also in its ability to source highly skilled workers. This is a great day for Waterford and the South East region.’’
The project is supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland.