Minister Mitchell O’Connor opens YapStone international HQ in Drogheda
Leading United States-based Fintech company, YapStone, announced the grand opening of its international headquarters at a new, 16,000 square-foot office in Drogheda, Ireland. Through a partnership with IDA Ireland, its official opening was officiated by Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD, and attended by a roster of esteemed guests, including Lord Mayor of Drogheda, Oliver Tully.
Officiating at the opening ceremony, Minister Mary Mitchell O’Connor said, “This is a very exciting project and I am really pleased that we have attracted this cutting-edge financial services company to a regional location and that it has ambitious plans for its new offices in Drogheda. Ireland’s strong expertise in the ICT and Financial services sector means that we can provide the requisite skills for companies like Yapstone, so that they are able to service their international activities. This company’s expertise is at the forefront of the exciting world of electronic payments. I would like to wish Peter continued success in attracting great talent here in Drogheda and I am confident that the company will continue to grow here in Ireland.”
Having significant U.S. and international growth in the past three years, YapStone is forecasted to process over $15 billion in electronic payments in 2016. The company has approximately 400 full-time employees in the U.S. and Ireland and is setting the stage for continued international expansion.
With the recent executive team addition of payment industry veteran, Peter Rowan, as Vice President of International Operations and Global Customer Support, YapStone’s Drogheda, Ireland office will serve as its International Headquarters, with a full-service offering, including engineering, product, sales, customer service, and risk operations, as well as site security and reliability. In the next year, the company forecasts 40-50 new hires in the Drogheda office.
“We selected Drogheda as home to our International Headquarters because of the tremendous support we’ve received from IDA Ireland and of course, the incredible talent pool in this country,” says Tom Villante, YapStone’s Chairman, Co-Founder and CEO. “We are proud to partner with IDA Ireland to contribute to the sustained growth of Ireland’s local and regional economy and look forward to our continued success.”
John Nugent, Regional Development Manager of IDA Ireland added, “YapStone has ambitious plans to grow its international presence and Drogheda is central to this growth strategy. YapStone continues to hire great people in the North East region and to add new functions to its international remit here, clearly demonstrating the company’s commitment to Ireland.”
To learn more about YapStone, please visit http://www.YapStone.com.