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19/10/2009
US-Backed Jobs Boost Announced
There's good news on the way for Northern Ireland which is to receive major US investment creating hundreds of jobs.
Details of the high-profile project were unveiled this morning - with the dramatic move being seen as a vote of confidence in the peace process despite the delays in devolving policing and justice powers to the Stormont Assembly.
The announcement comes only days after US Secretary of State Hillary Clinton met politicians in Belfast for talks.
Today, New York Stock Exchange (NYSE) Chief Executive Duncan Niederauer announced his plans in Belfast alongside Northern Ireland's First Minister and Deputy First Ministers.
He said the skills base of the region's workforce, and the personal relationship struck up with Stormont leaders led to the investment.
He also said that recruitment for the posts will take place over the next two years with the mainly technical jobs, based in Belfast city centre.
The NYSE bought a Belfast software company called Wombat 18 months ago and Invest NI have been talking to them ever since about expanding and will now provide up to £9.6m to support the project.
The total of 400 jobs include 75 of which have previously been announced.
Other US investment includes that of financial group Citi. It employs about 800 people in Belfast in a technology service centre.
Meanwhile, Latens, a provider of software based conditional access and middleware technology for the digital Pay TV industry, has announced that it has been awarded a ranking at number 17 in the Deloitte Technology Fast 50 Awards, Ireland.
Latens’ first ever appearance in the prestigious list recognises the company's achievements in successfully growing and developing the business since its foundation just seven years ago.
Now in its tenth year in Ireland, the Fast 50 programme ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland, based on average percentage revenue growth over five years.
Latens software products enable Pay TV operators around the world to enhance TV viewing experiences and to prevent content piracy, so helping to both generate and protect revenue.
According to Latens Chief Executive Officer, Jeremy Thorp, the company's steady revenue growth has been achieved by the strong dedication and hard work of all the Latens team, backed by the company ethos of always striving to deliver superior products and customer service.
"Latens is delighted to be ranked for the first time in the Deloitte Top 50 Technology Awards, which is testament to the commitment of our talented workforce worldwide," he sais. "Through our continually innovative technology and world class professional services, Latens continues to lead the way in enabling Pay TV operators to secure their valuable content and to offer a compelling viewer experience."
Announcing the winners of the Technology Fast 50 programme, David Coates, Associate Partner at Deloitte in Belfast said: "The aim of this year’s Fast 50 was to showcase the resilience and determination of Ireland's indigenous technology industry, and this has certainly been achieved by Latens.
"Our winners show that they are rising above the challenging business environment, and are proof that inventive companies will continue to be successful," Mr Coates concluded.
(BMcC/KMcA)
Details of the high-profile project were unveiled this morning - with the dramatic move being seen as a vote of confidence in the peace process despite the delays in devolving policing and justice powers to the Stormont Assembly.
The announcement comes only days after US Secretary of State Hillary Clinton met politicians in Belfast for talks.
Today, New York Stock Exchange (NYSE) Chief Executive Duncan Niederauer announced his plans in Belfast alongside Northern Ireland's First Minister and Deputy First Ministers.
He said the skills base of the region's workforce, and the personal relationship struck up with Stormont leaders led to the investment.
He also said that recruitment for the posts will take place over the next two years with the mainly technical jobs, based in Belfast city centre.
The NYSE bought a Belfast software company called Wombat 18 months ago and Invest NI have been talking to them ever since about expanding and will now provide up to £9.6m to support the project.
The total of 400 jobs include 75 of which have previously been announced.
Other US investment includes that of financial group Citi. It employs about 800 people in Belfast in a technology service centre.
Meanwhile, Latens, a provider of software based conditional access and middleware technology for the digital Pay TV industry, has announced that it has been awarded a ranking at number 17 in the Deloitte Technology Fast 50 Awards, Ireland.
Latens’ first ever appearance in the prestigious list recognises the company's achievements in successfully growing and developing the business since its foundation just seven years ago.
Now in its tenth year in Ireland, the Fast 50 programme ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland, based on average percentage revenue growth over five years.
Latens software products enable Pay TV operators around the world to enhance TV viewing experiences and to prevent content piracy, so helping to both generate and protect revenue.
According to Latens Chief Executive Officer, Jeremy Thorp, the company's steady revenue growth has been achieved by the strong dedication and hard work of all the Latens team, backed by the company ethos of always striving to deliver superior products and customer service.
"Latens is delighted to be ranked for the first time in the Deloitte Top 50 Technology Awards, which is testament to the commitment of our talented workforce worldwide," he sais. "Through our continually innovative technology and world class professional services, Latens continues to lead the way in enabling Pay TV operators to secure their valuable content and to offer a compelling viewer experience."
Announcing the winners of the Technology Fast 50 programme, David Coates, Associate Partner at Deloitte in Belfast said: "The aim of this year’s Fast 50 was to showcase the resilience and determination of Ireland's indigenous technology industry, and this has certainly been achieved by Latens.
"Our winners show that they are rising above the challenging business environment, and are proof that inventive companies will continue to be successful," Mr Coates concluded.
(BMcC/KMcA)
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