US firm to set up strategic base in Belfast
A US security software company is set to create 50 new jobs in Belfast as it makes the city a major strategic base, Enterprise Minister Arlene Foster announced yesterday.
The news came during the Minister and Invest NI’s high profile US trip to sell the attractions of Northern Ireland as a location for investment.
Q1 Labs, a US-based developer of security intelligence software, is setting up its European, Middle East and Africa (EMEA) headquarters in Belfast.
Invest NI said it had offered £750,000 towards the investment, which it said would generate £2m in annual salaries by 2012.
Speaking in Washington, the Minister said: “As we promote the benefits of developing trade and investment opportunities with the US, this new project is a timely and welcome endorsement of the skills base which continues to attract high tech companies to Northern Ireland.
“Global competition for such high quality investment projects has never been higher, so for Invest NI to succeed in attracting the EMEA headquarters of a highly |innovative technology company, |is a commendable achievement.
“Q1 Labs is at the forefront of security software development and its technology is utilised by hundreds of international companies. Their presence in Northern Ireland will further strengthen our growing ICT base and offer quality career development opportunities to local people.”
Brendan Hannigan, the president of Q1 Labs, said locating its European base in Belfast would support its global expansion |and drive the “explosive” |growth of its customer base in Europe, the Middle East and Africa.
“The globally recognised quality of ICT skills and Invest NI support made Belfast our location of choice and we look forward to commencing recruitment for senior and associate level engineers in the coming weeks.”
Meanwhile, there was news of up to 30 potential job losses at a construction company in Lisnaskea, Co Fermanagh. A spokesman for Clarke Group said restructuring had taken place at the business, with the result that 50 out of 150 employees had been told they may lose their jobs.