Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
PayPal says it will hire hundreds of technology professionals to staff the planned center. The new Scottsdale facility will support product development, operations, infrastructure design, engineering and more.
Online payment services provider PayPal is opening a new technology development center in Scottsdale, Ariz., and plans to hire hundreds of technology professionals to staff it in the coming year, the company announced. The Scottsdale facility joins other PayPal locations in San Jose, Calif.; Dublin and Omaha, Neb.
The new technology center will support product development, operations and infrastructure design, engineering and support. The new facility, to open in an existing three-story, 92,000 squaret-foot building, is slated for completion in November of this year. “We are very excited to expand our presence in Arizona," says Jeff Jordan, president of PayPal, an eBay company. “We are confident that Scottsdale will be a great place to help PayPal grow our business and support our customers around the world.”
PayPal, which enables consumers to shop online without using a bank account, credit card information or stored balance, currently has more than 105 million accounts and operates in 55 markets around the world.