Dynatrace, an Austrian software company listed on the New York Stock Exchange, announced it is setting up an IT research and development centre in Tallinn.
The company is said still to be on the lookout for the best location for its office.
Dynatrace said it has long-term plans in Estonia to grow the team here to more than 300 members over the next five years. The company is currently looking for the head of the R&D centre, senior developers and human resources specialists.
Dynatrace has similar IT centres in Linz, Vienna, Barcelona, Gdansk and several Austrian cities.
One of the main reasons why Dynatrace is opening its IT centre in Tallinn is that it recently acquired SpectX, a company of Estonian origin whose technology allows the processing of an unlimited amount of data much faster than before, as thanks to the SpectX technology unstructured data can be handled in their original location.
Renee Trisberg, the founder of SpectX, will continue working as a leading product architect for Dynatrace in Tallinn.
Founded in 2005 in Linz, Dynatrace employs a total of about 3,000 people worldwide, including about 1,000 people in research and development. In the 2021 fiscal year, the company's total revenue was $704mn.
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