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.
Related Articles
Ghana becomes first African nation to export legal timber to EU under FLEGT licence
Ghana has issued its first timber legality licences, making it the first country in Africa and only the second in the world after Indonesia cleared to export timber to the European Union, reports ... more
Convicts at several Latvian prisons riot over ban on gaming consoles
Inmates in several Latvian prisons have staged protests believed to be sparked by upcoming restrictions on modern gaming consoles, Delfi and later local news agency LETA reported on August ... more
Latvian ex-cop arrested over offering bribe on behalf of blacklisted Russian
A former Latvian police officer with a criminal record was detained by Latvia’s Corruption Prevention Bureau (KNAB) over an alleged attempt to bribe an Interior Ministry official on behalf of a ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
23 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago