Belfast Telegraph

Major US firm to set up IT centre

A major US pharmaceutical company is to set up an IT centre in Belfast, creating 50 jobs.

CVS Caremark Corporation is locating an information systems development centre in the city backed by £500,000 worth of government support.

The 50 employees will work to develop software for the company, which is the largest pharmacy healthcare provider in the US.

Government business support agency Invest Northern Ireland has offered £300,000 and a further £200,000 has been provided under the Department for Employment and Learning's Assured Skills Programme.

Welcoming the investment, enterprise minister Arlene Foster said: "Over the past two years, Invest NI has worked closely with the CVS Caremark team to secure this project for Northern Ireland.

"CVS Caremark considered several locations across the globe for its investment but was particularly attracted here by the availability of highly-skilled IT professionals, our reliable, high-speed and cost-effective telecoms infrastructure, and the very competitive operating cost environment.

"ICT is a priority sector and one that has huge potential to drive economic growth. When fully in place, these jobs will generate £1.5 million a year in salaries that will feed into the local economy."

Employment minister Dr Stephen Farry said the company would work with the higher and further education sector in Northern Ireland to design and deliver new training programmes and develop business-relevant curricula.

Stephen Wrenn, senior vice president, enterprise IT services, of CVS Caremark Corporation, said: "We recognise that to continue to be the leading pharmacy healthcare provider in the United States we need to have leading-edge information technology systems.

"The combination of excellent IT talent on offer in Northern Ireland and the business-friendly environment including the support from Invest NI and DEL have led to our decision to establish a presence in Northern Ireland and we look forward to getting the project under way."

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