Digital Transformation Firm Neueda Investing £12 Million to Create 165 New Jobs

Jun 23, 2017
Pictured (L – R) are Invest NI’s CEO Alastair Hamilton, Ann McGregor, NI Chamber of Commerce, Michelle Bell, Department for the Economy Assured Skills, and Brendan Monaghan CEO of Neueda.

Neueda, a Belfast based digital transformation company, unveils plans to invest £12million in 165 new roles and talent development of its already 200 strong team of software engineers, IT consultants and data analysts.

Neueda delivers large-scale, mission critical software projects to public and private sector clients globally, growing revenues by over 30% year on year since 2012 which has secured its ranking on Deloitte’s ‘Technology Fast 50’ for a second year. This significant investment, supported by government, is a commitment to the firm’s ambitious growth strategy which will see its revenues reach £100million by 2022.

Neueda’s decision to almost double its workforce in Belfast will enable it to sustain the impressive growth that we have seen in recent years

- Alastair Hamilton, Invest NI

Announcing the investment, Alastair Hamilton, Invest NI’s CEO said: “Neueda’s decision to almost double its workforce in Belfast will enable it to sustain the impressive growth that we have seen in recent years. As part of our business strategy we are working closely with companies like Neueda that have the ability to scale quickly, supporting them to create jobs and increase competitiveness.

“The high quality new jobs being announced today will generate £5.6m annually in additional salaries and offer employment opportunities across a range of disciplines, both for graduates and experienced professionals.

“Talent is at the core of Neueda’s business model so enhancing the skills and expertise of its workforce is vital to fuelling the company’s development. The £2.3m of employment and training support from government will enable Neueda to fully implement its ambitious growth strategy which focuses increasingly on new export markets.”

Ranked in the Great Place to Work Awards last month, Neueda’s 165 new jobs include 130 technical roles ranging from entry level positions through to experienced software engineers and solution architects. The remaining 35 jobs are consulting and project delivery posts as well as key hires in sales and business operations.

Brendan Monaghan, CEO of Neueda and finalist in EY Entrepreneur of the Year 2017 said: “We’ve a great team of committed, talented people and their combined efforts have helped us achieve strong growth over the last five years.

Together we are building something special and we’re keen to accelerate to the next level

- Brendan Monaghan, Neueda

“Together we are building something special and we’re keen to accelerate to the next level. This investment in new people will help us broaden our reach and cement our position with customers in capital markets, utilities and across the public sector.

“Neueda’s culture sets us apart as we invest in talent and encourage our people to reach their full potential. We’re looking for a broad spectrum of skills and experience levels including FE students, apprentices and graduates to those considering a career change or who may be returning to the workforce. The potential to excel, be well rewarded and have fun while doing it is what we offer in return.”

Neueda reinvests over 10% of its annual profits to develop its talented people through a leadership skills programme, technical skills development, personal improvement as well as its graduate and apprenticeships programmes.

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