Boston Software Company Rapid7 Announces 75-Job Investment

Oct 07, 2014

Enterprise, Trade and Investment Minister Arlene Foster and Invest NI Chief Executive Alastair Hamilton are pictured with Corey Thomas, President and CEO of Rapid7, after announcing that the Boston software engineering is setting up a development centre in Belfast, creating 75 jobs.

Enterprise, Trade and Investment Minister Arlene Foster has announced that Boston software engineering company Rapid7 is setting up a development centre in Belfast, creating 75 jobs.

Rapid7 specialises in security solutions, providing customers with insight into the security state of their IT, data assets and users across virtual, mobile, private and public cloud networks.

Arlene Foster said: “Rapid7 is one of the USA’s fastest growing software security companies and it is establishing a presence in Northern Ireland, creating 75 highly skilled jobs. The Belfast team will be capable of designing, building, testing and releasing both on-premise software and cloud-based services, and will partner with other Rapid7 software teams based in North America.

“Not only are these jobs highly skilled, they are highly paid. The new positions, which will be created over the next three years, will have an average salary of over £40,000, generating over £3million annually for the local economy.

“This investment is a further boost to our already strong ICT sector, which has already attracted many global companies over recent years.”

Invest NI has offered support of £510,000 for the investment.

Rapid7's software is used by nearly 3000 enterprises and government agencies in more than 78 countries, while the company's free products are downloaded more than one million times a year.

Corey Thomas, CEO of Rapid7, said: “We had the pleasure of meeting the First Minister and the deputy First Minister when they came to Boston last year. With their encouragement we decided to consider Northern Ireland further. We were impressed with the excellent business environment, particularly the close working relationship between government, industry and academia. Of note was the work the universities are doing in IT security.

“Invest NI’s support and the availability of high quality technical staff made Northern Ireland an attractive location for us. The Belfast centre will help us to scale up our operations and address a wider customer base in the US, Europe and Asia.”

Recruitment for the Belfast centre has already started with 30 of the positions already in place. The company will also be offering student placement opportunities in the coming months.

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