Invest Northern Ireland has helped a Londonderry software company to develop an electronic point of sale (EPOS) system which will open up significant new markets for the organisation and allow it to expand.
Retail Systems Technology (RST) has benefited from Invest NI’s Compete programme which aims to help local companies become more competitive by helping them to develop innovative market-led products and manufacturing processes. The programme is part funded by the EU Building Sustainable Prosperity fund.
The company has developed iTouch, a modular software product for hospitality and retail businesses. The product handles Point of Sale transactions and also provides a range of back office functions such as stock control.
Neil Bradley, managing director of RST, comments: “iTouch has the twin benefits of being a highly functional system but easy to use by non technical staff. Because it is modular, the customer can choose a package which best meets their needs. We believe that the software can help our clients improve customer service and maximise their profitability.”
RST currently employs 31 and as a result of the project will be creating two further hi-tech positions. The company has been trading for 25 years and has offices in Derry, Belfast, Dublin and Cork but until now its core business has been reselling and supporting software developed by US software houses.
John Cooke, Compete Programme Manager, Invest NI, says: “This is an example of a company investing in research and development to allow it to maximise its product offering.
“RST has substantial experience of the needs of the retail and hospitality sectors and has developed the iTouch suite to meet their specific requirements. The product will complement its current business activities and allow it to target new export markets.”