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RTÉ News
30-04-2025
- Business
- RTÉ News
Canto to expand Cork operations, create 50 jobs
US firm Canto, which provides digital asset management software for organisations worldwide, is expanding its operations at its innovation centre in Cork. The company's investment in its Cork operations, supported by IDA Ireland, will create 50 jobs. Canto said the Cork office will serve as a strategic European hub for several core initiatives, including advanced AI research, cloud infrastructure optimisation, frontend modernisation, and the continued development of its unified DAM and product information management (PIM) platform. The company also plans to partner with local universities and research institutions to foster innovation and develop specialised talent pipelines. Canto serves about 4,000 customers globally across industries including retail, manufacturing, healthcare, education, technology and beyond. "This investment reflects our commitment to staying ahead of the curve in digital asset management," Brendan Butler, Managing Director at Canto Ireland, said. "Working with IDA Ireland has been instrumental in making this expansion possible. By connecting with Ireland's world-class technology community, we're able to accelerate the development of solutions that directly address our customers' most pressing content management challenges," he added. "As we continue to expand our global engineering efforts, Ireland is proving to be an essential part of our success story. Our continued expansion underscores our confidence in the exceptional technical talent and innovation ecosystem here," Wain Kellum, CEO of Canto, said. "Our Cork operations will play a pivotal role in driving next-generation product development and supporting customers across the entire content ecosystem - from creation to delivery," he added. Michael Lohan, the CEO of IDA Ireland, said that Canto's decision to grow its presence in Cork is a strong endorsement of the country's reputation as a leading hub for innovative technology companies. "Our deep talent pool, stable business environment, and strong track record in supporting global companies make Ireland an attractive location for growth and innovation," the IDA boss added. Minister for Enterprise, Tourism & Employment Peter Burke said that Canto's investment reinforces Ireland's position as a leader in AI and software development. "The Cork region, with its strong educational institutions like University College Cork and Munster Technological University, provides an excellent environment for fostering innovation and developing specialised talent, and IDA Ireland provides invaluable support to companies seeking to utilise this ecosystem," Mr Burke said. "As we continue to expand our global engineering efforts, Ireland is proving to be an essential part of our success story. Our continued expansion underscores our confidence in the exceptional technical talent and innovation ecosystem here," said Wain Kellum, CEO of Canto. "As demand for our single-source-of-truth digital asset management solutions continues to accelerate, our Cork operations will play a pivotal role in driving next-generation product development and supporting customers across the entire content ecosystem — from creation to delivery."
Irish Times
30-04-2025
- Business
- Irish Times
Software company Canto to expand Cork base
Digital asset management software company Canto is to expand its operations in Ireland, creating 50 jobs and growing its office in Cork as part of its global product development strategy. Canto, which currently has an innovation centre in Cork, plans for the Irish operation to take a more pivotal role in the business. The expansion will see the Cork centre become a strategic European hub for core initiatives such as advanced AI research, cloud infrastructure optimisation, front-end modernisation, and the continued development of Canto's unified DAM and product information management (PIM) platform. 'As we continue to expand our global engineering efforts, Ireland is proving to be an essential part of our success story. Our continued expansion underscores our confidence in the exceptional technical talent and innovation ecosystem here,' said Wain Kellum, chief executive of Canto. 'Our Cork operations will play a pivotal role in driving next-generation product development and supporting customers across the entire content ecosystem — fro– creation to delivery.' READ MORE Canto currently has around 4,000 customers globally across industries including retail, manufacturing, healthcare, education and technology, and has seen significant growth in recent years. It has made a number of acquisitions in recent years, including MerlinOne in 2023 and Image Relay in 2024, which strengthened key technologies such as visual search across the company. The Cork operation will help integrate and enhance these technologies further across Canto's product portfolio. Among the research and development activities planned for the Cork centre are advancing AI models for intelligent asset discovery and management and optimising cloud infrastructure. The latest expansion project is being supported by the Government through IDA Ireland. Minister for Enterprise, Tourism & Employment Peter Burke said the investment reinforced Ireland's position as a leader in AI and software development. 'The Cork region, with its strong educational institutions like University College Cork and Munster Technological University, provides an excellent environment for fostering innovation and developing specialised talent, and IDA Ireland provides invaluable support to companies seeking to utilise this ecosystem,' he said. 'We look forward to Canto's continued growth and positive impact.'
Irish Examiner
29-04-2025
- Business
- Irish Examiner
US multinational Canto to expand Cork office with creation of 50 new jobs
US digital asset management firm Canto is expanding its presence in Ireland with 50 new jobs to be created at its Cork office. Expected to be filled in the next three years, the multinational's expansion will see its employee headcount in Cork grow to more than 80, with plans to grow its strategic European hub part of the company's global product development strategy. Established in Ireland in October 2023 and located on South Mall, Canto helps global brands maximise their digital content through AI. The Cork office will help with several key initiatives, Canto said, including advanced AI research, cloud infrastructure optimisation, frontend modernisation, and the continued development of Canto's unified digital asset management and product information management (PIM) platform. The announcement follows a period of substantial growth for Canto, with the company serving around 4,000 customers globally across retail, manufacturing, healthcare, education and technology. Speaking on the firm's growing Irish presence, CEO of Canto, Wain Kellum said the 50 new jobs will be spread across the company's operations. "We first came here because of the university system and the ability to hire exceptional engineers. We wanted to build a centre of excellence and when we did that, we saw the quality of people you can hire here across all departments of the company." "Cork is fantastic for us. It is an unbelievable place to hire good talent." Canto's expansion comes as US companies face increasing pressure from US President Donald Trump to invest domestically. However, speaking to the Irish Examiner, Mr Kellum said its Cork expansion is crucial to the multinational. "We are a fast-growing software that serves an ever-increasing number of customers all over the world. It is impossible to build a global company in just one specific geography. "There is also not a single geography that we are not adding to. But we like the talent here, as well as the time zone and accessibility. We continue to grow rapidly in Europe, but also in the US." Commenting on the announcement, Minister for Enterprise, Tourism and Employment Peter Burke said the investment "underscores our dedication to innovation and technological advancement, reinforcing Ireland's position as a leader in AI and software development. "The Cork region, with its strong educational institutions like University College Cork and Munster Technological University, provides an excellent environment for fostering innovation and developing specialised talent." The expansion is supported by the IDA, with CEO of the agency Michael Lohan saying Canto's choice of Cork is a "strong endorsement of the country's reputation as a leading hub for innovative technology companies." "Our deep talent pool, stable business environment, and strong track record in supporting global companies make Ireland an attractive location for growth and innovation," Mr Lohan continued. Looking forward, Mr Kellum said the company will continue to expand in new markets, which will be helped by its Cork hub. "Right now, 60% of our revenues come from the US, with our business in Europe taking much of the remainder. "There's a massive opportunity for us to expand into Asia-Pacific, so it would be fairly typical for a software company like us to end up with more revenue outside the US than inside," Mr Kellum continued. "Our Cork office will help us service those customers we add across Europe and through Eurasia."
