Chargebee, a leading provider of innovative subscription billing and revenue growth management solutions, has announced the opening of its second office in Europe and sixth overall. The company has offices in North Bethesda, MD and Salt Lake City, UT, in the US, Chennai and Bengalaru in India and Amsterdam in Europe.
The announcement comes as Chargebee has seen accelerated growth in Europe. As with several other tech firms, notably Workday, Chargebee has chosen Dublin over opening an office in the UK. The Irish Government supported the move through the Investment Development Agency (IDA).
While the Amsterdam office will remain Chargebee’s European headquarters, the Dubin office will not be insignificant. Chargebee plans to grow the office to more than 50 employees over the next three years.
The Dublin team will focus on serving its customer base brands, including xSellco, Oddbox, Personio, and Typeform. Additionally, Guy Marion, Chief Marketing Officer, will relocate to Dublin, reinforcing executive commitment to the region.
Krish Subramanian, CEO of Chargebee, commented, “Dublin’s thriving tech ecosystem and access to world-class talent make it the perfect location for Chargebee’s European expansion.
“We’re excited to create a fantastic workplace for our new team members while driving growth in the region and tapping into Dublin’s pool of skilled tech talent to drive our mission forward. We have had a long association with Dublin through our local customers and partners. This is an exciting development in Chargebee’s journey.”
Ireland is still a good choice for tech firms
Ireland is still proving a good choice for US tech firms looking to open in a primarily English speaking country. Access to the UK market from Ireland is easy, both for Scotland and England. The Government in Dublin also likes to support new entrants and offers incentives that are often absent in London.
It isn’t clear what support the IDA gave Chargebee for this new office. Michael Lohan, CEO of IDA Ireland said, ”I am delighted that Chargebee is planning to establish in Ireland and hire up to 50 employees in the next three years. Ireland offers a great opportunity for companies like Chargebee to leverage growth for the EMEA region.
” The decision to expand its team is a testament to the strong talent pool and the vibrant tech ecosystem that Ireland offers. I would like to wish Chargebee every success here.”
While the company is only committing to 50 new employees over the next three years, Chargebee could grow further if successful. Workday now has several hundred staff in its Dublin office, and the common language with the US makes collaboration simpler.
Ireland has a large talent pool, and attracting another US tech firm to Dublin is good news for the Irish government.
Peter Burke, TD, Minister for Enterprise, Trade and Employment, said, “I welcome the news that Chargebee has chosen Dublin for their new European office. Dublin is well-established as a leading global hub for tech companies, and having Chargebee here is another vote of confidence.
“Chargebee is targeting EMEA future growth, and the expansion will also include 50 positions over the coming years, which is welcome news for our graduates and skilled workforce.”
Enterprise Times: What does this mean
This is a significant step forward for Chargebee in its growth strategy. Not every tech firm looks to open an office in more than one European country. Most open a London office first and then look to open one in the European Union. Ireland is a solid second choice for US firms.
There will come a point, though, when the UK Government or even the Corporation of London will have to make London more attractive for inward investment or miss out. Chargebee is growing strongly. It will be interesting to see how it grows its customer base in Europe and especially in the UK over the next three years and whether that leads to more than 50 employees in Dublin.
