Smartforce, the Irish-founded e-learning company, plans to employ a further 200 people here over the next two years.
The firm already employs 500 people in Dublin and is planning massive growth in line with an explosion in the global e-learning market.
This week Mr Greg Priest, Smartforce president and chief executive officer, told The Irish Times: "The opportunity that exists in the e-learning market will support billion dollar companies. If we execute effectively we should be one of those companies in a relatively short timeframe."
Smartforce is currently generating revenues of $200 million annually, and was recently ranked the world's largest e-learning company by International Data Corporation (IDC) and tagged as a "company to watch" in 2000.
The company, which now employs 1,300 people worldwide, grew last year at more than twice the average rate of the top 10 companies on the IDC e-learning list.
In its last financial year Smartforce's revenues increased by 22 per cent. This return to form borders on the miraculous following a massive share sell-off last October which wiped $510 million off the company's market value. The sell-off was triggered by a change of company name and a failure by Internet investors to grasp the thinking behind a shift in corporate strategy.
Last October Smartforce changed its name from CBT (Computer Based Training) Systems, and shifted its focus from selling courses on CD or through local area networks, to an Internet based e-learning model where software is accessed electronically.
The move meant a change in the business model from customers paying a total sum in advance to rent or lease Smartforce courses over a fixed period, to a "per use" model where companies accessing the Smartforce website pay as they use the software.
Smartforce has also been identified by IDC as the eighth largest IT training company in the world.