eBay Inc. to Open Global Development Center in Bangalore

BANGALORE, India, May 8, 2012 /PRNewswire/ --

· Expects to Hire up to 1,000 Technologists over 3 Years

· Center to focus on fast-growing global PayPal and eBay Marketplaces

eBay Inc. today announced plans to open a new development center in Bangalore, India, and expects to hire up to 1,000 technologists over the next three years. The new Bangalore facility will feature several centers of excellence and house technologists from both eBay Marketplaces and PayPal. It builds on eBay Inc.'s existing presence in India which includes a global development center with over 2,200 employees in Chennai and the eBay India business unit (www.ebay.in) in Mumbai.

"PayPal is growing at a phenomenal rate globally, as we continue to execute on our bold vision of re-imagining money," said Mr. Anupam Pahuja, General Manager - PayPal. "To support this growth, we are looking to tap into the large pool of software engineering talent in Bangalore to come innovate with us and create the future of commerce. We are committed to India as a technology hub and see India's software engineering talent as a critical driver for the long-term success of PayPal's global payment platform."

"eBay's ecosystem provides technologists a unique combination of startup culture to innovate and product excellence culture to build products that creates value to millions of customers. The unprecedented scale of the eBay platform challenges technologists to innovate and create new architecture paradigms and technologies," said Mr. Rajesh Ramachandran, General Manager - eBay Marketplaces. "The India center plays a strategic role in global product and technology innovation. The Bangalore Center will bring in significant thought leadership to drive critical business initiatives."

The company is aggressively hiring senior technologists with strong product development experience across many functions including research, platform and application development, architecture, quality engineering, product management, marketing and product analytics, user experience and design, and information security. Those who wish to apply can visit www.ebaycareers.com  and type "Bangalore" into the job search box to review our Bangalore positions.

With offices in more than 50 locations around the world, eBay Inc. in India has consistently been rated one of the top 25 best places to work by the Great Place to Work Institute. eBay Inc. is noted for its exceptional work environment and commitment to both employees and community.  The company promotes a culture of empowerment, innovation and holistic development, along with great perks and benefits.

About eBay Inc.

Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:ebay) is a global commerce platform and payments leader connecting millions of buyers and sellers. We do so through eBay, the world's largest online marketplace, which allows users to buy and sell in nearly every country on earth; through PayPal, which enables individuals and businesses to securely, easily and quickly send and receive digital payments; and through GSI, which facilitates ecommerce, multichannel retailing and digital marketing for global enterprises. X.commerce brings together the technology assets and developer communities of eBay, PayPal and Magento, an ecommerce platform, to support eBay Inc.'s mission of enabling commerce. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows people to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With 110 million active accounts in 190 markets using 25 currencies around the world, PayPal enables global commerce. PayPal is an eBay (Nasdaq:EBAY) company. PayPal is headquartered in San Jose, Calif. and its international headquarters is located in Singapore. More information about the company can be found at www.paypal.com.

Primary Media Contact : Krithika Balasubramanian, krbalasubram@paypal.com, 91-9677152514

Secondary Media Contact : David Francis, david.francis@ketchumsampark.com, 91-9884052528