US software company HighWire buys Semantico just months after opening Belfast office
An American firm which employs more than 70 people in Belfast has bought over a UK publishing technology business.
HighWire Press Inc, a digital publishing company, is a spin-out from Stanford University.
The firm deals with scientific, medical and technical publishers.
It's now taken on Brighton-based Semantico.
Many of HighWire's clients are based in the US, with others in the UK and Europe.
The firm said the new acquisition will bring HighWire an "increased capacity for technological innovation; a strong team that further expands its already broad publishing expertise, and a powerful combination of best-of-breed products that leverage industry best practices".
Earlier this year the firm announced it was creating 74 jobs at its new Belfast office, in areas including software development and customer support, with salaries averaging £34,000.
Dan Filby, HighWire's chief executive, said "innovation" is at the company's core.
"The addition of the Semantico solution set and team enhances our ability to deliver an unparalleled mix of functionality in our product suite, serving publishers across the spectrum of the industry. I am very enthusiastic to announce this acquisition which is in direct alignment with both our long-term growth and value creation strategies," he said.
Richard Padley, Semantico chairman and founder, added: "I couldn't be more excited to have our team join HighWire. The increased scale and capability of the combined organisations will deliver significant value to current and future publishers."
Earlier this year, Mr Filby said there was room to expand the business in Northern Ireland further still, and that the number one criteria was finding an "outstanding pool of talent".