US company expands on Leeside

American data security and analytics company Varonis Systems has announced plans to double its headcount on Leeside with the creation of 60 new jobs.

The new positions are expected to be created over the next three years and will cover tech support, research and development, human resources, and sales.

Varonis Systems has expanded its existing office space at Penrose Dock where it currently employs approximately 60 workers.

Welcoming the news, An Taoiseach Micheál Martin TD said the company’s expansion is a testament to Cork and Ireland’s continued attractiveness for high-quality investment and jobs.

“I’m delighted to welcome today’s announcement by Varonis of the opening of its new and expanded office space in Cork City, at Penrose Dock, along with the creation of 60 new jobs over the next three years,” he said.

Tánaiste and Minister for Enterprise Trade and Employment Leo Varadkar TD added: “As the past few weeks have shown, data security is an increasingly important sector and companies like Varonis play a critical role in the global economy.”

Founded in 2005, Varonis Systems protects organisations’ most sensitive data including financial information, intellectual property, and confidential employee and patient records.

The company can detect insider threats and cyberattacks like ransomware and ensure compliance with regulations like the GDPR.

Dana Shahar, Chief Human Resources Officer, Varonis said: “We are thrilled to expand in Cork at the beautiful new Penrose Dock to support our customers across Europe and throughout the world. Cork is known for its wealth of talented, dedicated employees, and it is a great fit for us as we continue to grow.”

Varonis, which opened its first Cork location in 2017, is headquartered in New York City and employs approximately 1,800 employees worldwide.

Meanwhile, Penrose Dock has announced that the overall number of people employed by the 18 companies within the complex is set to grow by 500.

This will bring the total amount of employees in the complex to over 1,600.

The figure was revealed as Taoiseach Micheál Martin TD, and Minister for Foreign Affairs Simon Coveney TD both visited the development to meet with site leaders.

Despite the challenges posed by the pandemic, Penrose Dock, which has been developed by Cork based JCD Group, now has nearly 90 per cent of its floorspace already let.

The entire complex offers a total of 250,000 square feet of office space set across two buildings, Penrose One and Penrose Two.

Amongst the companies who have taken up residence at Penrose Dock are Qualcomm, Cloudera, Varonis, Aspira, Tigera, Grant Thornton, Matheson, Cadence, IBEC, Remitly, Sophos, Nuacra, CH Robinson, Nathan’s Trust and Minelab.

Speaking during his visit to the complex, An Taoiseach Micheál Martin TD, said the companies who have chosen to establish their base in Penrose Dock have given the city an important vote of confidence.

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