Belfast-based custodial management IT company Core Systems NI Ltd is investing £700,000 in an expansion and R&D project, with support from Invest Northern Ireland which will help to secure new opportunities in the US market.
Invest NI has offered over £167,000 of support to Core Systems NI Ltd towards an R&D project and the creation of eight high quality software development jobs which will enable the company to access new opportunities within the US marketplace. Invest NI’s R&D support is part funded by the European Regional Development Fund.
Jeremy Fitch, Executive Director of Business and Sector Development, Invest NI said: “Core Systems has a reputation for innovative, original products that deliver beyond client expectations. Its success in the highly competitive US market is testament to this small company’s continued investment in R&D and in its people. The new jobs will generate over £240,000 annually in salaries, a welcome boost to the economy and a significant expansion for one of our most established local IT companies.”
The company’s commitment to R&D has already resulted in a strong export performance, particularly in the US. It has recently established a business relationship with a leading provider of inmate services to correctional facilities in the US giving the company a direct route to over 50 per cent of the US Corrections market.
Patricia O’Hagan of Core Systems added: “R&D is at the very heart of our operations. It has ensured over many years that Core Systems has been at the forefront of security technology and in some cases, seen us lead the way with new technology and concepts. This investment in R&D and expansion of our workforce, with Invest NI’s help, is an essential part of our growth strategy, ensuring that we have the people and the products to seek out and win new export business.”
Patricia won the Women in Business NI 2013 Outstanding Businesswoman of the Year Award, sponsored by Invest Northern Ireland.