Technology hub provides jobs boost
An American technology firm is to create 70 new jobs worth an extra £2.7 million-a-year to the Northern Ireland economy, the Enterprise Minister has confirmed.
Merchant Warehouse, which provides payment technologies and services to around 80,000 customers, plans to set up a development and customer support hub in Belfast.
"This kind of high calibre investment reinforces Northern Ireland's position as an excellent location for specialist firms in the important IT and financial services sectors," Arlene Foster said.
Invest Northern Ireland (NI) offered the Boston-based company £840,000 to assist with the job creation.
Mrs Foster said Belfast had staved off tough competition from other locations."It was aided by very positive reports from other US investors who have set up here, who promoted the availability of highly qualified staff, and the strong support from local universities and government agencies, as well as cultural and logistical alignment," she added.
Henry Helgeson, Merchant Warehouse's chief executive officer, said the Invest NI funding had been crucial in securing the deal.
"We have been at the forefront of product innovation in the area of payment technologies and we are confident that the new Belfast centre, which will support our accelerated product evolution and enhance our overall customer support, will help us to maintain our competitive edge," he said.