09/02/2006

Vesta Corporation To Establish European Operations Centre In Dundalk

Vesta Corporation, a leader in virtual commerce solutions, is to establish a European Operations Centre in Dundalk, Co. Louth.

Supported by IDA Ireland, the centre will create 350 high quality jobs over three years.

Vesta Corporation is a pioneer in innovative payment solutions. It provides phone, web and other virtual payment solutions for a variety of products, including prepaid mobile phones. Vesta uses proprietary technology to manage its telecommunications and financial services payment programmes.

The new European Operations Centre in Dundalk will support Vesta’s European mobile telecoms clients, as well as providing a duplicate service operation for the company’s existing international business.

Doug Fieldhouse, President and CEO of Vesta, said: “Vesta sees the European mobile telecoms market as an ideal expansion opportunity for our secure transactions services. The new Dundalk Operations Centre will play an integral role in our strategy to pursue further growth opportunities in international markets, particularly in Europe. As it will also be the disaster recovery back-up location for Vesta US, it will form a crucial part of our operations going forward.”

The new Dundalk centre will be a 24/7 customer support operation, and will also house an engineering team; revenue assurance department; business analysis department; European finance and treasury management, and an in-house data centre providing disaster recovery capability for Vesta’s international locations. The centre will initially occupy one third of a recently constructed 30,000 square foot facility at the IDA Ireland Finnabair Business Park, and will expand into the other floors as employment increases.

Recruitment will commence immediately for customer service representatives, financial specialists, supervisors, and highly specialised managers.

(CD)

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