Market intelligence firm Tegus to locate EU HQ in Waterford

US market intelligence firm Tegus is to establish a new European headquarters in Waterford city with the creation of up to 100 jobs over the next two years.

The Chicago company is to expand to the southeast to support its growing customer base across Europe, the Middle East and Asia (EMEA).

Tegus has begun hiring for roles across the areas of business development, customer success, operations, sales and people management.

Headquartered in Chicago since 2018, Tegus now serves more than 1,000 customers worldwide, including investment firms, corporations, and consultancies.

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Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar described the announcement as " great news for the southeast and a real boost for Waterford city, and once again demonstrates we have the skills and talent available in all parts of the country to attract foreign direct investment".

Tegus will be located in state-of-the-art office space in Boxworks while it identifies a permanent office space in Waterford.

Thomas Elnick, founder and co chief executive of Tegus, said: "We are seeing more and more institutional investors and corporations incorporating qualitative and primary research into their processes to make better and faster decisions".