Even with Brexit, the UK’s plan to leave the European Union, looming, technology companies are still investing and setting up shop, according to a report on CNN:
“Tech companies have announced a series of new investments in the United Kingdom even as major business groups warn that leaving the European Union could result in dire consequences. The latest vote of confidence comes from US software titan Salesforce (CRM), which has committed to investing $2.5 billion over the next five years to help grow its business in the United Kingdom.
- Salesforce has plenty of company. Amazon (AMZN) announced last week that it would hire another 2,500 workers in the United Kingdom, bringing its total workforce in the country to over 27,500.
- Mubadala, an investment company based in Abu Dhabi, announced this week that it would team up with Japan’s SoftBank (SFTBF) on a $400 million European tech fund based in London.”
“London has developed a thriving tech ecosystem,” according to the article, “thanks to language advantages, the availability of qualified programmers and an abundance of top universities. Even in a messy Brexit, much of that ecosystem could be spared.”