Silicon Valley firm invests in new Belfast base
Software company to create 71 jobs at city office
A US software company has completed the journey from Silicon Valley to Belfast after picking the city as an investment spot out of several European options.
Vello Systems, whose clients include major banks, is to take on 71 well-qualified staff in its first major office opening outside the US.
It has already recruited seven of those, and plans to have around 25 people in its Arthur House office by the end of the year.
The company, which was established in 2009, develops software computer and storage systems. So far its products have been used by major banks around the world but the business is now looking for new sectors, such as retail, which can use its technology.
Founder and chief executive Karl May said he was swayed to set up an office here after making visits to the city, where he met other major companies who have located offices here.
"We decided to visit Belfast last year and were greatly impressed, not just with the infrastructure, talent pool and strong research and development base, but also with the genuine support and financial incentive offered by Invest NI.
"Our client base already includes some highly influential financial services companies which demand only the most advanced and effective technology available.
"Northern Ireland will allow us to capitalise on the opportunities for our products in that sector and provides us with a location close to target markets in Europe."
More than half of the new jobs will consist of posts for software engineers working on research and development, while the rest will work in marketing, customer service and business development.
Mr Gray said he had already made a significant investment with an annual budget of around £1m by taking on staff before a deal with Invest NI was reached.
Enterprise Minister Arlene Foster said: "Vello is a newly established, highly dynamic company which is working at the cutting edge of networking technology.
"Once all the jobs are in place, they will generate over £2.4m annually in salaries which is yet another important and welcome boost to the local economy.
"Vello was identified as a potential source of new investment by Invest NI over a year ago and I am pleased to say that the team was able to work closely with senior management to secure this investment, despite strong competition from other European locations."