Software firm creates 23 jobs in 拢1.4m investment
Cambridge-based Aveva, which first established a presence in Londonderry in 2015, says the investment in a new research and development centre will double its workforce in the north west
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A software company is to create 23 jobs through a 拢1.4m investment in a new research and development (R&D) centre in Londonderry.
Cambridge-based Aveva, which first opened an office in Derry in 2015, said the investment would double its workforce in the north west.
The firm said the expansion would create its second R&D centre and focus on the development its products.
This would include software to manage vast data sources for customers, and the new site will allow the company to meet growing demand.
'Wealth of talent available in the north west'
Iju Raj, executive vice-president of R&D, said they had decided to expand within Northern Ireland due to its strong talent pool, associated links to local universities and successful placement and graduate schemes.
鈥淥ur decision to expand in Derry is a testament to the wealth of talent available in the north west and the support, advice and guidance we鈥檝e received from Invest NI," he said.
"This R&D centre will be crucial for developing products that keep us at the forefront of technological advancements, enabling us to maintain our competitive edge in the global market.鈥
Brendan McGuigan, director of advanced manufacturing and engineering at Invest NI, welcomed the announcement.
鈥淭his project is an exciting addition to Northern Ireland鈥檚 thriving software sector," he said.
"By combining our local talent pool with Invest NI support, Aveva has chosen Derry as the strategic location for its second UK R&D hub, securing a bright future for the company鈥檚 operations here.鈥
Economy Minister Conor Murphy (centre) with Brendan McGuigan, from Invest NI, and Caoimhe Keogan, chief people officer with Aveva
During a visit to Aveva's premises at the Innovation Centre, Derry, Economy Minister Conor Murphy welcomed what he said was "a significant investment" in the north west.
鈥淭his strategic expansion by Aveva is a strong testament of its confidence in the north west's skilled workforce," he said.
鈥淎veva's long-term investment in Derry reinforces the region鈥檚 potential as a leading technology and innovation hub and I am confident this investment will deliver lasting benefits for both the local economy".
Meanwhile, the leading Irish IT firm, Ergo, is to create 40 jobs in Belfast over the next three years.
They will be based at the company's new office in Clockwise, River House near Belfast鈥檚 Cathedral Quarter.
The Economy Minister Conor Murphy said the 拢4.5m investment would contribute almost 拢2.4 million annually into the local economy.
Erge currently employs 700 staff across Ireland, the UK, United States, Romania and New Zealand.