Belfast-based software development company Liberty Information Technology (LIT) has announced the second expansion at its Belfast software centre in less than a year. The company, which is being assisted by Invest Northern Ireland, is to invest a further £1.5 million over the next two years to develop software services for U.S.-based Liberty Mutual Group, its parent company and a leading global insurer.
LIT’s latest expansion was announced today by Gordon Bell, the company’s managing director and Leslie Ross, managing director of Invest NI’s Business International. The expansion is expected to provide 25 new jobs for experienced software engineers. In May 2004, the company announced a £2.9 million expansion that led to the creation of 26 new jobs.
Mr Bell said: “The overall aim of this project is to extend the range of expert services that we provide to Liberty Mutual Group’s various operations and to strengthen further our competitiveness in terms of costs and quality.
“While we have been successful in winning new business from Liberty Mutual Group subsidiaries, such as Liberty International Underwriters and Regional Agency Markets over the past year, it is vitally important that we continue to enhance competitiveness and cost-efficiency by investing in our capability. This means developing the skills of our people, strengthening our management team and harnessing the latest technology to enable us to respond faster with consistently high quality services,” he added.
Mr Ross added: “This investment enhances Northern Ireland’s reputation as a centre of excellence for software development; and Belfast’s international standing as a growing financial services centre.
“The expansion fits well with Invest NI’s draft Corporate Plan ‘Being International’ objective through promoting the growth of a successful externally owned business and in attracting high quality, knowledge based investment from the US,” he added.