McAfee plans move to Ireland

Posted by   Virus Bulletin on   Jul 21, 2004

Emerald Isle lures another AV firm.

McAfee Inc. (formerly known as Network Associates) has announced plans to move its European headquarters from Amsterdam to the Republic of Ireland.

The company said it would move its European headquarters to Dublin or Cork in 2005, giving it the advantage of Ireland's lower tax regime (Irish corporate tax stands at 12.5%, compared to 34% in the Netherlands).

McAfee is not the first AV company to spot the advantages of operating its European HQ from the Emerald Isle. Symantec moved its European Operations Centre from the Netherlands to Dublin a couple of years ago, while in 2003 Trend Micro's EMEA operations moved its back office functions (finance, order management, shipping operations) to a Shared Services Centre in Cork.

McAfee's move to Ireland is expected to create around 100 jobs in the local area, although job losses from the current Amsterdam office have been estimated at around 80. McAfee's sales and marketing division will remain in Amsterdam.

Posted on 21 July 2004 by Virus Bulletin




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