Leslie Morrison, chief executive of Invest Northern Ireland announced today that Newell & Budge, one of the UK and Ireland’s leading IT services companies, is to expand its Belfast operation and establish its second UK development centre in the City.
The opening of this centre is part of the company’s aggressive expansion plans and is needed to service its growing list of clients across Ireland and the rest of the UK. Newell & Budge intends to build its revenues from Ireland four-fold to £10M p.a. by 2010.
Mr Morrison announced the Invest NI-backed investment with Ann Budge, chief executive officer of Newell & Budge. Newell & Budge, which acquired Celare, a Northern Ireland information security specialist company in January 2003, is making a projected investment of £6M over the next five years into the new Belfast centre.
The Belfast Development facility will become a centre of excellence specialising in Oracle and Microsoft technologies in particular, and plans to recruit a further 30 highly skilled technical staff in the coming months, taking the total workforce in Belfast to more than 50.
Newell & Budge, which already has established offices in Belfast and Dublin, provides a range of IT services and solutions including IT consulting, applications development and management, testing and information security, to both the public and private sectors.
Mr Morrison said: “This is a fast growing and successful UK company which has chosen Belfast as its strategic hub for expansion into the Republic of Ireland, particularly the extensive financial services and public sectors in Dublin, as well as the rest of the UK.
“The investment is a further significant endorsement of Northern Ireland as a cost-effective and successful location for export-led software companies. It is in line with Invest NI’s software strategy to promote innovation and new product development within this strategically important industry,” he added.
Commenting on the investment, Mrs Budge said: “This is an immensely important investment that is designed to enable us to maximise the business opportunities we have pinpointed in the Republic of Ireland, our first export market, as well as opportunities in Northern Ireland and the rest of the UK.
“To enable us to achieve our aggressive growth plans, we looked at a number of potential locations, including Dublin, and decided to establish our second UK development centre in Belfast. Northern Ireland offered us a tremendously attractive package based on a pool of quality and IT literate people; high-spec and cost-efficient facilities; and a range of financial and other support from Invest NI, an organisation which clearly understands the needs of ambitious IT companies.
“The new Belfast centre will play an important role in the growth of the business. It will be used to deliver projects across the UK and Ireland using our range of expert services including applications development, testing and information security.
“In addition, Belfast will continue to be our centre of excellence in IT security. It is our intention to develop further the IT security services pioneered by Celare in Belfast and to expand the marketing of these to existing and potential clients in the UK and Ireland,” she added.
The new centre will be located on Airport Road West, Belfast.