Northgate unveils £19m investment in business
Almost 90 high tech jobs are the be created by Co Antrim technology company Northgate Managed Solutions as part of a £19.4m investment in its business.
The Newtownabbey-based IT support company said the investment would help it win £62m of new business in the next three years, which will create 88 new jobs and safeguard 241 others, |delivering around £8m in salaries into the local economy.
The firm, which provides specialist ICT managed services to public and private sector organisations in the UK and Ireland, said it would centralise back office functions, engage in training and make efficiency improvements as part of the project.
Andy Ross, chief executive of Northgate Managed Services said: “Last year we worked to reduce the impact of the global downturn and focused on increasing sales, fulfilling customer needs and protecting jobs.
“We were extremely successful in achieving these objectives and the investment announced today will allow us to build upon those achievements and prepare to take advantage of the upturn.
“We have identified new external sales opportunities potentially worth up to £62m over the next three years and plan to implement a number of efficiency |and capability development |activities to ensure we achieve the targets set.
“Our highly talented employees are a key part of our continued growth and the investment in training and the recruitment of a further 88 staff will be a crucial to our future success.”
Invest NI has offered £2.6m of support to the project, including £1.1m from the European Regional Development Fund.
Enterprise Minister Arlene Foster said the investment was a “significant commitment” by Northgate to Northern |Ireland.
“By 2011, over 530 people will be employed by Northgate in Northern Ireland, that’s almost half of its total UK workforce,” she said.
“This is a strong endorsement of the local skills base which will be further enhanced as the training element of the project is implemented.
“Maintaining such skilled jobs paying above average salaries in a key industry sector, particularly in the current economic climate, is a very welcome boost for the Northern Ireland economy,” she added.
North Belfast MP Nigel Dodds also welcomed the announcement. “This is a major boost and vote of confidence for Newtownabbey and North Belfast and will be warmly welcomed by all, including schools and colleges which are training young people for employment opportunities in IT,” he said.