Press Release 25 Nov 2014

November 25, 2014 (Dublin)Storyful, the first social news agency, announced today the creation of 30 new jobs at its Dublin headquarters. News Corp, a global, diversified media and information services company, acquired Storyful in December 2013 with a commitment to retain and grow Storyful’s Dublin headquarters.

This investment is supported by the Department of Jobs, Enterprise and Innovation, through IDA Ireland. Storyful has previously been supported in its growth by Enterprise Ireland.

The roles, located at Storyful’s Dublin headquarters, will support the company as it deepens the existing Storyful technology platform and brings it to the next level of its development. Recruitment for the technology roles will begin immediately.

The investment will bolster the company’s Dublin base as it enhances its technology infrastructure, allowing it to exploit new opportunities and target new markets. The Dublin office will acquire a dedicated R&D structure and an opportunity to implement a real step up in terms of the company’s core technology platform. Storyful acquires video content it considers newsworthy and sells licenses for their use to organisations such as The Wall Street Journal, The New York Times and ABC. 

“We have ambitious plans for growth and innovation across platforms, and these new roles are critical to achieving our vision over the coming years. Dublin is our home, and we are excited at what’s to come.”

Storyful Chief Executive Officer Mark Little

The Minister for Jobs, Enterprise and Innovation Mr Richard Bruton TD said “Storyful is a fast-growing, innovative Irish company pushing the boundaries of social media news globally. In a very short timeframe since it started, it has grown rapidly through cutting edge innovation in a fast-moving area, and is now selling its services around the world and creating jobs in Ireland. This is exactly what we are trying to achieve with our plan. That is why my Department through Enterprise Ireland and now IDA Ireland has provided support to Storyful as it grew from a start-up, to a high-growth company, and now to a company which is creating large numbers of high-end jobs in Dublin. I’m delighted to congratulate Mark and all the team at Storyful on their achievements, and look forward to working with them as they continue to innovate and expand in Ireland”.

The Chief Executive of the IDA Martin Shanahan said “Storyful is a company which has brought huge innovation to the area of social media and video content and Dublin has been instrumental to the company's growth and evolution. It is most welcome to see the company now adding an R&D structure to its Dublin centre, giving the company a strong presence among the city's existing tech cluster''.

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