Overstock’s New Journey
Overstock has made a bold move by launching a blockchain research and development (R&D) center in Ireland. Nestled in the scenic North West business park in Sligo, this initiative symbolizes its commitment to innovation and expansion in the tech realm.
Milestones and Investments
The company is already making waves, with plans to hire its 100th employee in Ireland by the end of 2019—a significant step from its current lineup of 80 talented technologists. This expansion, costing over €1 million ($1.1 million), demonstrates Overstock’s financial commitment to assembling a rockstar team dedicated to high-performance software development.
David Kenny’s Vision
David Kenny, the vice president and site lead, couldn’t be happier about the new digs. He stated, “We’re absolutely delighted with our new home and getting all our teams back under one roof.” This move isn’t just about proximity; it’s about fostering a cohesive environment where techies can thrive. The appeal of a diverse career path set against a cutting-edge tech backdrop seems to have struck a chord with potential hires.
What’s on the Agenda?
Overstock’s R&D center isn’t just a blockchain haven; it’s also set to tackle innovations across e-commerce and machine learning. Combining these areas suggests a brilliant interdisciplinary approach that could revolutionize online retailing as we know it.
Current Controversies
However, not all is smooth sailing. Overstock finds itself embroiled in controversy due to allegations of securities fraud involving its former CEO, Patrick Byrne, and former CFO, Greg Iverson. These allegations, coming out of Utah, could put a dent in the company’s shiny new setup.
Conclusion: A Bold Leap Forward
As Overstock strides into this new tech frontier, it’s clear that this R&D center is not just about blockchain—it’s about weaving a tapestry of innovation that encompasses various technological dimensions. Will this center pave the way for groundbreaking advancements? Only time will tell, but one thing’s for sure: Overstock is fully committed to lighting the path towards a high-tech future in Ireland.
