Storyful expects continued expansion

Business, Technology | Mon 7 Nov | Author – Business & Finance
storyful
Pictured, L-R: Martin Shanahan, CEO of IDA, Minster for Jobs, Enterprise and Innovation Mary Mitchell O’Connor TD and Andon Baltakov, COO of Storyful.

The social news agency reveals optimistic future growth forecasts at HQ opening

The social media agency Storyful today announced plans for continued growth of its Dublin base at the official opening ceremony of its headquarters. The ceremony was attended by Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor and IDA Ireland CEO, Martin Shanahan.

The company anticipates continued growth in product, creative and technology departments over the coming three years. Storyful has already taken on 30 new employees in Dublin since the beginning of this year.

News Corp, which acquired the company in 2013, has invested more than €10 million into the company since the acquisition, funding expansion in the areas of journalism, creative strategy, product development, sales and business support.

The company was founded in Dublin in 2010 as a discovery and verification service for the social news space, but has since diversified into providing social video content for brands and social media intelligence for corporations and government agencies.

“I am biased but I think our team is the best in the world at all things social and nobody can deliver the level of depth and insight Storyful provides,” Storyful CEO Rahul Chopra said. “We track conversations big and small, important and humorous, to bring our partners the moments that matter to the audiences they’re trying to reach. So much of that fascinating work is happening here in Ireland.”

At today’s office opening ceremony, Ireland’s Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor said that  “the success of Storyful is a great example of a dynamic company having identified an exciting opportunity in the new emerging social media world and thereby having been able to create a whole new range of services.  The company’s growth is very impressive and it is very gratifying that it continues to expand in Ireland, tapping into our talent pool of skilled professional workers.  Their plans to hire additional staff here and to move into new areas of activity are very exciting and they build on our success in attracting high quality knowledge-based business activities utilising emerging technologies”.