The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Computing Computing infrastructure, data processing, hosting and other information service activities Computing infrastructure, data processing, hosting and other information service activities 63 - Computing infrastructure, data processing, hosting and other information service activities
250 jobs Number of planned job creations
Announcement Date
21 August 2013
Employment effect (start)
Foreseen end date
Description
Powa Technologies, a UK- based start-up provider of e-commerce platform services is to create 250 jobs within the UK.
The company has raised £48.5 m from an unnamed US investor. The company’s founder Dan Wagner said that the funds were exchanged for a minority stake in the business.
Additionally, as announced, another 200 new jobs will be created elsewhere in the world. The timeline for the expansion plans is not yet available.
Sources
21 August 2013: The Telegraph
Citation
Eurofound (2013), Powa Technologies, Business expansion in United Kingdom, factsheet number 75785, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75785.
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