E-commerce and technology leader Overstock.com, Inc.
(NASDAQ:OSTK) has opened its new European base in the IDA’s
flagship North West business park in Sligo, and revealed it is on
track to make its 100th Irish hire before year end.
The company last year announced the creation of 100 new
technology jobs including senior roles in areas such as
software development and testing, machine learning, and data
analytics.
It now has more than 80 technologists working in Sligo and is on
target to recruit another 20 staff before the end of the year. The
company has been successful in underlining the affordable cost of
living and lifestyle options in the North West along with
attractive career progression opportunities.
Overstock has invested €1 million in making the move to the
Westgate tech campus in the IDA’s business park in Finisklin, Sligo
town.
The new facility was officially opened by Leo Clancy, Head of
Technology for IDA Ireland with Overstock’s President of
Retail Dave Nielsen, Chief Administrative Officer Carter
Lee, and Irish-based Vice-president and Site Lead David
Kenny.
Commenting, David Kenny, Overstock Vice-president and
Site Lead, said:
“We’re absolutely delighted with our new home and getting all
our teams back under one roof. It further validates Overstock’s
choice of the North West as a great place to do business and build
high performance software development teams. The combination of a
diverse career path, a cutting edge tech environment and a great
work life balance has really resonated with the techies who
continue to join our growing team.”
Overstock CEO Jonathan
Johnson said:
“When we opened our Ireland office in 2013,
we knew there was something special with the tech environment
of Sligo. Our Irish team has been instrumental in
many of our technological innovations over the
years, including advancements in machine learning, augmented
reality, and blockchain applications. It’s great to open the
doors to a new campus the team can grow and call
home.”
Welcoming the new expansion by Overstock,
the Minister for Business, Enterprise and Innovation,
Heather Humphreys TD said:
“I am delighted to congratulate Overstock on the opening of
their new facility in Sligo. Their presence here is a significant
boost the region, and demonstrates, once again, that we have the
right skills and talent to attract quality companies. I wish
Overstock well in their new home and look forward to their
continued success in the future.”
Leo Clancy, Global Head of Technology, Consumer,
Business Services in IDA Ireland welcomed Overstock’s move
into the Westgate building and its success in attracting technology
talent to the North West.
He said: “IDA Ireland focuses on winning investments all across
Ireland and the North West has a huge amount to offer
companies. It is great to see an online leader like Overstock
investing in Sligo and creating very highly skilled technology
roles. This expansion clearly illustrates the talented workforce
available here and we really value the significant investment and
continued partnership with Overstock.”
Overstock is a billion-dollar online retail shopping site and
technology company founded in 1999 in Utah. In 2014, Overstock
founded Medici Ventures, its wholly-owned blockchain subsidiary
focused on introducing blockchain technology to existing markets to
democratize capital, eliminate middlemen, and re-humanize
commerce.
For job opportunities in Sligo, Ireland, visit Overstock’s
career page.
MEDIA CONTACT: StoryLab: + 353 1 685 3029 or
email pr@overstock.com
About Overstock.com
Overstock.com, Inc Common Shares (NASDAQ:OSTK) / Digital
Voting Series A-1 Preferred Stock (Medici Ventures’ tZERO
platform:OSTKO) / Series B Preferred (OTCQX:OSTBP) is an
online retailer and technology company based in Salt Lake
City, Utah. Its leading e-commerce website sells a broad range of
new products at low prices, including furniture, décor, rugs,
bedding, home improvement, and more. The online shopping site,
which is visited by nearly 40 million customers a month, also
features a marketplace providing customers access to millions of
products from third-party sellers. Overstock was the first major
retailer to accept cryptocurrency in 2014, and in the same year
founded Medici Ventures, its wholly owned subsidiary
developing and accelerating blockchain technologies to democratize
capital, eliminate middlemen, and re-humanize commerce. Overstock
regularly posts information about the company and other related
matters on the Newsroom and Investor
Relations pages on its website, Overstock.com.
O, Overstock.com, O.com, Club O, Main Street
Revolution, and Worldstock are registered
trademarks of Overstock.com, Inc. Other service
marks, trademarks and trade names which may be referred to
herein are the property of their respective owners.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact including but not limited to our
expectations regarding personalization technology. Additional
information regarding factors that could materially affect results
and the accuracy of the forward-looking statements contained herein
may be found in the Company's Form 10-Q for the quarter
ended June 30, 2019, which was filed with
the SEC on August 8, 2019, and any subsequent
filings with the SEC.
SOURCE: Overstock.com, Inc.
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