By Business & Finance 
Provider of open source solutions, Red Hat, plans to invest €12.7m in a new project and 60 new jobs in Waterford over four years.
Red Hat’s Waterford office was established in 2014 following its acquisition of the cloud-based mobile software company FeedHenry.
The company also has two other offices in Ireland in Cork and Dublin.
Red Hat develops new open source technologies that support organisations’ digital transformation projects around the world.
Headquartered in North Carolina and established in 1993, Red Hat has more than 85 offices globally and employs more than 10,000 people.
Dr Mícheál Ó Foghlú, CTO, 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.”
IDA Ireland CEO Martin Shanahan added: “It is great to see Red Hat develop its Waterford office as a strategic site by adding this project. Waterford has a growing software engineering base and this decision by Red Hat, a global software leader, to locate this project here is another excellent endorsement of the region as a prime location for other technology companies to invest in.”
