Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today announced the establishment byLogMeIn, Inc. (NASDAQ: LOGM) of its new Dublin office with the expected creation of 50 new jobs within the next year. LogMeIn, Inc. is a leading provider of cloud computing and mobile services. This investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
Located in the heart of the Dublin quays along the banks of the River Liffey, the new office will house a variety of European and international functions, including sales, customer support, marketing, finance and human resources. The company is actively recruiting for all these roles and has already more than 20 employees planned to start in the office within the next three months, with plans to nearly triple its staff within the year.
An early player in cloud and mobile computing, LogMeIn offers solutions for accessing files and applications on-the-go, remote device management and support, as well as online collaboration. These solutions range from the top-ranked LogMeIn iPad app, to a simple screen sharing and online meeting app, join.me, used by tens of millions of people to collaborate with colleagues across the hall or across the globe, to its LogMeIn Rescue remote support solution used by more than 50 of the world’s biggest mobile operators to remotely configure and troubleshoot their subscribers smartphones and tablets from hundreds or even thousands of miles away.
Founded in 2003, LogMeIn went public on the US NASDAQ stock exchange in July 2009 in one of that year’s most successful tech public offerings. Today, LogMeIn boasts an active worldwide user base of more than 15 million users, more than 400,000 paying customers, and revenues that have increased by more than 60 percent over the last three years. The company attracts more than three quarters of a million new users every month. To support this rapid growth, LogMeIn’s headcount has grown by more than 30 percent over the last two years and it now has more than 535 employees located around the world.
Making the announcement, Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said:
“Cloud computing is a key growth sector which we have targeted in the Action Plan for Jobs, and we have implemented a number of changes to support the development of a strong cloud computing industry here. Today’s announcement that LogMeIn, a leading company in this sector, is locating an important facility in Dublin with the planned creation of 50 jobs is a further indication of the strong growth of this sector in Ireland. With continued implementation of the Action Plan for Jobs I am determined to ensure that we can see further cloud computing investments like this in the near future.”
“Dublin represents a great location for our continued European expansion, given the unique combination of a highly educated, mobile savvy workforce, and a growing innovation scene made up of some the biggest names in technology,” said Michael Simon, LogMeIn’s CEO. “We see this new office becoming an increasingly important international hub for attracting and supporting our rapidly expanding user and customer base. It’s great to be in Ireland, and we look forward to welcoming lots of energetic, smart, technology savvy and driven employees from Dublin to the LogMeIn family. ”
Welcoming the announcement, Barry O’Leary, CEO of IDA Ireland said “Mobility and cloud computing are among the most transformative and fastest growing sectors in the technology industry, and LogMeIn is at the forefront of this rapidly expanding space. Today’s announcement by LogMeIn is further evidence that Ireland is an increasingly desirable destination for market leaders to grow their businesses and attract high-tech talent. LogMeIn joins the growing cluster of technology leaders, including Salesforce.com, Google, LinkedIn, and Facebook, establishing operational centres in Dublin.’’
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About LogMeIn, Inc.
LogMeIn (NASDAQ:LOGM) provides essential cloud and mobile services to individuals, businesses, and IT organizations for remote access, collaboration, customer care, and remote IT management. These services are used by millions of people to quickly, simply and securely connect over 150 million internet-enabled devices across the globe — computers, smartphones, iPad™ and Android™ tablets, and digital displays. LogMeIn is based in Woburn, Massachusetts, USA, with offices in Australia, Hungary, India, Ireland, Japan, the Netherlands, and the UK.
LogMeIn is a registered trademark of LogMeIn in the U.S. and other countries. iPad is a trademark ofApple, Inc., and Android is a trademark of Google, Inc. in the U.S. and other countries around the world.