February 16, 2005 — (WEB HOST INDUSTRY REVIEW) — Internet portal Yahoo! (yahoo.com), said on Tuesday that it will open an European operations headquarters in Dublin, Ireland. The new base will reportedly include a Web hosting center, in addition to accounting and revenue operations, and a multi-lingual customer support unit.
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According to data released in December by Netcraft, Yahoo! was the fifth fastest growing Web host in 2004, based on the total number of domains added. The company recently extended its $4.98 domain promotion, which is being used as a loss leader to attract Web hosting customers.
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In recent years, Ireland has become a hotbed for US-based technology firms attracted by the country’s low corporate tax rates, educated, English-speaking work force and robust economic growth. Tech giants with operations in Ireland include Dell, Google, HP and Intel. Reports say the move is expected to create four hundred new jobs.
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John Marcom, senior vice president for international operations at Yahoo!, said the success of Yahoo!’s Overture division in Ireland led to way to the expanded presence.
