IBM, the world's largest computer services company, is to create 21 new jobs at its Innovation Campus at Mulhuddart.
Minister for Trade and Employment Micheál Martin announced the creation of the 21 posts at what will be Europe's first Cloud Computing Centre.
Cloud Computing is a model by which computer processing is divided between two or more computers over the Internet and allows processing power to be distributed across the world.
The technology allows communities of business professionals to assemble in social networks to facilitate the development of new business ideas.
The development of cloud computing is fuelled by the dramatic growth in business collaboration, connected devices, real-time data streams, and Web 2.0 applications such as streaming media and entertainment, social networking and mobile commerce.
The Centre will serve as a European hub to provide research and services to a number of satellite facilities which will be built in Europe, Middle East and Africa.
Speaking at today's announcement Minister Martin said: "The selection of Ireland as the location for IBM's European hub for Cloud Computing highlights Ireland's role as an important contributor to IBM's global research, development and innovation strategy."
"The investment further establishes IBM Ireland's growing reputation as a high performance computing centre within IBM Corporation. IDA Ireland and IBM have a proactive long-standing relationship in advancing the Irish business and the implementation of strategic high value knowledge based research and development investments," he added.
Of the 21 posts being created, it is expected that 9 will be focused on research in the area of cloud computing.