Mycroft to create 50 jobs in Waterford

IT security company Mycroft is set to create 50 jobs when it opens an operations centre in Waterford, it has been announced.

Jobs Minister Richard Bruton yesterday confirmed the global innovation leader in delivering IT identity and security solutions as a service, is establishing an operations centre in Waterford which will employ 50 people with the support of the IDA.

Mycroft provides identity management and security solutions to some of the largest financial services, healthcare and government organisations in the world. Activities to be carried out in the Waterford operation include the development of Mycroft’s next generation of Cloud-based IT identity and security solutions, technical support and R&D.

Making the announcement, Mr Bruton said the jobs would continue the drive to make Ireland a world leader in the cloud computing sector

A recent report by Microsoft predicted that by 2014 the cloud computing industry in Ireland could be worth €9.5 billion and could employ 8,600 people.

Chief executive of Mycroft Terry Jost said the Waterford operation would be central to its growth into other markets across the globe.

Mycroft’s Irish operation will be run by Waterford native, Sean Hanley, who has been managing the firm’s Identity management business for the past two years. His involvement was key to the decision to locate in Waterford.