Republic software developer invests £700k in Newry
Irish software developer Softedge Systems has established a centre of excellence in Newry in a £700,000 investment supported by Invest Northern Ireland.
Softedge’s Newry centre is using Microsoft technology to develop state of the art software products which enable streaming of high quality video, animation and interactive features online.
Invest NI has offered £140,000 towards the project. This includes £85,000, part funded by the European Regional Development Fund, to support skills development activities.
Announcing the investment, Invest NI’s Managing Director of Business International, Jeremy Fitch, said: “Northern Ireland has a deep pool of graduate ICT talent and offers a competitive, high value option for international companies seeking to establish a software development centre in a near-market location.
“The decision by Softedge Systems to locate in Newry is testament to these qualities and will add to Northern Ireland’s already strong capability in the sector. The company’s centre of excellence will be at the leading edge of software development and will play a major role in helping Softedge deliver innovative solutions for its clients.”
Mr Fitch added: “Creating 15 new ICT posts that will generate total annual salaries of over £450,000 by 2012, the investment is indicative of Invest NI’s commitment to securing high value investment opportunities. Softedge will deliver salaries well above the Northern Ireland private sector median whilst the advanced nature of the work carried out in the Newry centre will further strengthen our local knowledge base.”
Vikas Sahni, CEO of Softedge Systems (NI) Ltd, said: “The centre of excellence in Northern Ireland is an integral part of the company’s overall growth plans. The availability of a talented workforce and the valuable support of Invest NI were major factors in the decision to invest here.
“By recruiting a mix of experienced and graduate software specialists and further developing their skills, we are putting in place a blend of talent that will underpin our capability in both service delivery and research well into the future.
“The Newry centre is focusing initially on developing software solutions using Microsoft’s innovative Silverlight technology. More and more organisations are incorporating the unique system into their websites and we believe the Newry centre will strongly position us to take advantage of this demand.”