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02/03/2011
Software Firm Creates 360 Jobs In Newry
A south Down-based company it is to create almost 360 jobs in the border city of Newry.
First Derivatives has told the London Stock Exchange the posts will be filled over the next three years and will bring the total workforce at the company to 900.
First Derivatives provides computer software and consultant services to global investment banks and hedge funds.
Now, Invest Northern Ireland has provided £4.3m to help fund the expansion with the company filling 347 consultancy and operations posts and 12 managerial.
Brian Conlon, Chief Executive of First Derivatives, said: "This support from Invest NI will help us to execute an aggressive growth strategy that will capitalise on the opportunities we are being presented with from our global client base."
The Stormont First Minister, Peter Robinson and the Deputy First Minister, Martin McGuinness were on hand today as they announced the major investment.
Peter Robinson said: "First Derivatives is one of our most successful indigenous software companies, which has fuelled its growth by continuously developing and delivering innovative products and services in the complex and technically challenging financial services arena.
"Creating 359 quality jobs in this high value sector with support from Invest NI, this significant investment is a tremendous boost for the local economy."
Deputy First Minister Martin McGuinness said: "First Derivatives is part of an important and growing hub of technical expertise in financial services which continues to attract international attention and investment at a critical time for our economy.
"The new jobs will generate over £13m in salaries annually which will feed into the local economy. This is an investment which will have a very positive knock-on effect for our growing financial services and technology sectors."
First Derivatives is recognised as one of the fastest growing capital markets vendors in the world and its clients are largely Global 100 financial institutions.
Brian Conlon, boss of First Derivatives continued: "First Derivatives' strategic goal is to differentiate itself from its competitors through a unique combination of capital markets domain knowledge and technical expertise in financial services technologies.
"With this expansion we are substantially increasing our capacity in the area of capital markets consulting with the aim of growing our global business significantly over the next three years."
Also adding her voice, NI Enterprise Minister Arlene Foster, added: "Supporting the creation of high value jobs with salaries significantly above the Northern Ireland average is a key corporate focus for Invest NI, as is encouraging export growth.
"First Derivatives' investment supported by Invest NI combines both of these elements by creating quality jobs to help it target markets in Europe, North America and the Asia Pacific region."
(BmcC/GK)
First Derivatives has told the London Stock Exchange the posts will be filled over the next three years and will bring the total workforce at the company to 900.
First Derivatives provides computer software and consultant services to global investment banks and hedge funds.
Now, Invest Northern Ireland has provided £4.3m to help fund the expansion with the company filling 347 consultancy and operations posts and 12 managerial.
Brian Conlon, Chief Executive of First Derivatives, said: "This support from Invest NI will help us to execute an aggressive growth strategy that will capitalise on the opportunities we are being presented with from our global client base."
The Stormont First Minister, Peter Robinson and the Deputy First Minister, Martin McGuinness were on hand today as they announced the major investment.
Peter Robinson said: "First Derivatives is one of our most successful indigenous software companies, which has fuelled its growth by continuously developing and delivering innovative products and services in the complex and technically challenging financial services arena.
"Creating 359 quality jobs in this high value sector with support from Invest NI, this significant investment is a tremendous boost for the local economy."
Deputy First Minister Martin McGuinness said: "First Derivatives is part of an important and growing hub of technical expertise in financial services which continues to attract international attention and investment at a critical time for our economy.
"The new jobs will generate over £13m in salaries annually which will feed into the local economy. This is an investment which will have a very positive knock-on effect for our growing financial services and technology sectors."
First Derivatives is recognised as one of the fastest growing capital markets vendors in the world and its clients are largely Global 100 financial institutions.
Brian Conlon, boss of First Derivatives continued: "First Derivatives' strategic goal is to differentiate itself from its competitors through a unique combination of capital markets domain knowledge and technical expertise in financial services technologies.
"With this expansion we are substantially increasing our capacity in the area of capital markets consulting with the aim of growing our global business significantly over the next three years."
Also adding her voice, NI Enterprise Minister Arlene Foster, added: "Supporting the creation of high value jobs with salaries significantly above the Northern Ireland average is a key corporate focus for Invest NI, as is encouraging export growth.
"First Derivatives' investment supported by Invest NI combines both of these elements by creating quality jobs to help it target markets in Europe, North America and the Asia Pacific region."
(BmcC/GK)
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£1.25m For Belfast Community Projects
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£1.25m For Belfast Community Projects
20 community regeneration projects across Belfast have received funding totalling £1.25m from the City Council. The funding is part of £5m set aside for the Local Investment Fund (LIF). Just under £1.3m is earmarked each to the North, South, East and West of the city and a further £490,000 allocated for the Shankill area.
19 March 2010
US Investment For NI Announced
There's 'money from America' this week as the NI Enterprise Minister Arlene Foster has announced a multi-million pound research and development-based investment. She said yesterday that the move will see a total of £4.1 million being 'delivered' through Newry company First Derivatives plc.
US Investment For NI Announced
There's 'money from America' this week as the NI Enterprise Minister Arlene Foster has announced a multi-million pound research and development-based investment. She said yesterday that the move will see a total of £4.1 million being 'delivered' through Newry company First Derivatives plc.
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Newry Software Firm Looks East
As the 2008 Olympics came to a close at the weekend, a Newry-based financial software development company is looking east. It has secured a deal worth more than £300,000 with a leading global financial institution in Asia.
Newry Software Firm Looks East
As the 2008 Olympics came to a close at the weekend, a Newry-based financial software development company is looking east. It has secured a deal worth more than £300,000 with a leading global financial institution in Asia.
08 February 2002
Award winning Newry firm moves to issue shares
Newry-based software firm First Derivatives is set to float on the Alternative Investment Market (AIM) in order to raise necessary funds for further investment and acquisition. The company, which designs software for the financial sector, will issue four million shares on AIM, the London Stock Exchange market which lists recently formed companies.
Award winning Newry firm moves to issue shares
Newry-based software firm First Derivatives is set to float on the Alternative Investment Market (AIM) in order to raise necessary funds for further investment and acquisition. The company, which designs software for the financial sector, will issue four million shares on AIM, the London Stock Exchange market which lists recently formed companies.
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