US software firm Applied Systems to create 50 jobs in Belfast
A major US software company is creating 50 new jobs with average salaries of £26,000 in Belfast as it aims to grow its customer base, it announced today.
Applied Systems Inc, which makes products for the insurance industry, said it will take on the new staff over the next three years.
The international cloud-based software company is based in Chicago and has received support of £325,000 towards the creation of the roles.
It said it had been attracted to Northern Ireland by the large number of "talented, young engineers".
The company acquired Belfast-based Relay Software in 2016 and is now planning to establish a new research and development centre at its Gasworks offices on the city's Ormeau Road.
It has already filled 19 of the posts.
Applied Systems Inc makes and licenses software for the global insurance market - and has said its product, Applied Epic, is the world's "fastest growing and most widely used cloud-based broker management system".
Chief executive Reid French said: "This investment is part of our strategy to expand our customer base in the UK and is in response to the continued growth of IT spending in the global insurance market.
"The team in Belfast will be central to adapting, delivering and expanding our global cloud-based products to the UK marketplace and will enable us to deliver 'Follow the Sun' customer support to our customer base worldwide.
"The availability of talented, young engineers along with the supportive, established relationships with local universities and Invest NI made Northern Ireland a natural fit for us to grow our business."
Jeremy Fitch, Invest NI executive director of business and sector development, said: "Cloud computing is a rapidly emerging industry with significant export potential and we have a growing cluster of software investors choosing to grow their business in Northern Ireland.
"This investment by Applied Systems demonstrates the company's confidence in our local skills base and further emphasises the region's reputation for excellence in this sector."
He said the Belfast office will help the firm achieve its aims of expanding its client base, supporting clients in North America and developing more innovative products.
"The 50 IT roles being recruited over the next five years will contribute over £1.3m annually to the economy in additional salaries."
According to the most recent company accounts for Relay Software Ltd - for eight months in the year 2016 - the company has around 79 staff in Belfast.
The company reported pre-tax profits of £2m on sales of £5m.