Invest Cyprus welcomes new DataArt office in Cyprus

Invest Cyprus has welcomed a decision by DataArt, the US enterprise software development company, to launch new offices in Cyprus.

Headquartered in New York City with more than 6000 employees worldwide, DataArt is currently onboarding more than 50 employees to a new location in Nicosia and plans to hire more tech professionals from the local talent pool.

George Campanellas, Chief Executive of Invest Cyprus, the country’s investment promotion agency, said: “It is a great pleasure to welcome DataArt, a proven leader in the field of technology, to Cyprus. ICT companies currently employ more than 10,000 people in Cyprus and this decision is further evidence of our capacity to attract internationally renowned technology companies and tech professionals.”

Commenting on the decision, Eugene Goland, DataArt’s CEO, said: “Cyprus provides an ideal platform to strengthen our European footprint and access new markets. New incentives for foreign companies made it easier for us to relocate our staff to the island while access to local highly skilled talent is definitely a bonus. Invest Cyprus has been an excellent partner in this process throughout, providing us with everything we needed to jump-start our business.”

Interest from technology companies in Cyprus continues to grow, transforming the sector into a key pillar of economic growth, according to Mr. Campanellas. He said: “The global shortage of digital tech talent continues to impact the tech industry, so it is not surprising that fast-growing companies like DataArt that prioritize attracting new talent are looking beyond traditional pools of candidates.”

Furthermore, Cyprus’s geographical location, at the crossroads of Europe, Asia, and Africa, alongside its multi-lingual workforce, robust legal framework, low cost and business friendly environment make it the ideal investment destination for tech and business.