The economic case for the country being a "Center of Excellence" for cloud services is being made daily. IDA Ireland, the state agency that is soliciting cloud providers, touts the country's youthful, well-educated and skilled labor force, attractive tax policy, business-friendly climate and access to markets throughout the European Union.

"It's the four T's -- tax, technology, talent, and track record," says Denis Curran, vice president for ICT at IDA Ireland.

And an S -- for security.

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