YapStone Announces Intention to Invest $48 Million in New Irish Tech Jobs

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YapStone takes a bold step in growing Ireland’s economy, while cultivating world-class tech talent for its global expansion.

YapStone, a leading global payments company founded in Silicon Valley, has announced its intention to invest $48 million in the generation of new Irish tech jobs, through a partnership with the IDA.

Last year, YapStone opened a 16,000 square-foot international headquarters in Drogheda, Ireland and has since filled it with 125 new employees. The company’s hyper-growth in both Ireland and the United States has continued well into 2017, earning numerous accolades including placement on the INC 5000 List of Fastest Growing Companies, The Deloitte Fast 500, The San Francisco Business Times Top 50, and the 2018 Wealthfront Career-Launching Companies List, which highlights the best pre-IPO companies to launch your career .

The leadership at YapStone has unanimously decided to take an even more impactful action to grow its Irish presence through establishing a product engineering development center in Drogheda. With this project, the company intends to hire over 200 engineering and technology positions over the next few years, starting in early 2018.

Speaking in Drogheda at the announcement, An Tanaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald TD said: “ Yapstone’s initial decision to locate in Drogheda just a few years ago was a great boost for the town and I am really delighted that already the company have decided to expand its business here, with the creation of an additional 200 jobs. The Government has been driving job creation in locations, which are away from the bigger cities, and this expanded operation, involving so many highly skilled technology jobs, is a great vindication of that policy. I look forward to Yapstone’s continued success in Drogheda.”

Developing the impact of foreign direct investment is critical for the Irish government’s plan for economic growth. Attracting more investment and jobs from multinational companies will ensure that high value activities will take place in Ireland and in Europe as a whole.

“Partnering with the Irish Government is one of the best decisions our leadership team has made,” says Tom Villante, Co-Founder and CEO of YapStone. “We have hired tremendous talent in Ireland, and they have played a major role in YapStone’s success and international expansion. It was a natural decision for us to expand our investment in Irish talent into technology.”

Many US companies choose Dublin for their European headquarters, however, YapStone is continuing to invest along the M1 corridor by moving 40 minutes north of Dublin to the city of Drogheda.

“True to our nature, YapStone forges a new path by choosing to invest its international expansion in the city of Drogheda with the rich talent pool along the M1 corridor,” states Deb Tenenbaum, EVP/Chief People Officer at YapStone. “As millennials look to purchase their first homes or begin their families, having a progressive employer in Drogheda provides individuals choices outside of Dublin.”

Up until now, YapStone has mostly hired customer service and operations talent to fill positions in its global operations center. However, this new investment will be allocated towards hiring for engineering positions, under the leadership of Sanjay Saraf, YapStone’s esteemed Chief Technology Officer, responsible for global product development.

“Irish tech talent is exceptional,” says Saraf. “We are very excited to employ Ireland’s finest software engineers and build technology IP that will further revolutionize digital payments for shared economy and global marketplaces. YapStone is investing in cutting edge cloud enabled technology, big data, API platforms, and modern NoSQL databases and tech talent in Ireland will have an opportunity to build great products and enrich their professional careers.”

For more information about the company, visit YapStone.com. If interested in employment opportunities at YapStone, visit http://www.yapstone.com/careers or contact Kendra Ingram at IrelandRecruiting(at)yapstone(dot)com.

About YapStone:
YapStone is a provider of online and mobile payment solutions for global marketplaces and large vertical markets, powering electronic payments for sharing economy marketplaces, such as HomeAway® and VRBO®, and thousands of apartment and vacation rental companies, homeowners’ associations, self-storage companies, and hospitality establishments. YapStone processes over $18B in payment volume annually and has been recognized on the Inc. 5000 list of Fastest-Growing Private Companies for ten consecutive years. The company has raised over $110 million from investors including Accel Partners, Meritech Capital and Bregal Sagemount. Headquartered in the San Francisco Bay area, YapStone has additional offices in Santa Monica, California and Ireland.

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Molly Reynolds
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