Mycroft to create 50 jobs at Waterford cyber security operations centre

The Minister pointed to a recent report by Microsoft that predicted that the cloud computing industry in Ireland would be worth €9.5 billion by 2014, when it will employ an estimated 8,600 people.

Mycroft’s Irish operation will be run by Waterford native Sean Hanley, who has been managing the firm’s identity management business for the past two years. His involvement was a key reason for its decision to locate in Waterford, the company said.

Mr Bruton recently signalled that a total of €5 million over five years has been committed for innovation in the cloud-computing sector. Cloud computing is the offsite provision of computer services just as data storage and software use.