Belfast Telegraph

Arkk's expansion to create 16 new posts in Belfast

By Staff Reporter

London software firm Arkk Solutions, which helps companies submit data to regulators, is increasing its workforce by 16 in Belfast.

The company is a major provider of regulatory reporting software and services.

It first set up an office employing 10 staff in Belfast in 2014, focusing on a tagging service known as iXBRL. Its latest expansion has been supported by Invest NI.

Economy Minister Simon Hamilton said: "Arkk's decision to expand its Belfast workforce is testament to the quality of staff that it has been able to recruit here and to the cost-efficient business environment that Northern Ireland offers."

The iXBRL service is a computer language for the electronic transmission of business and financial data.

Andy Gent, co-founder and managing director of Arkk Solutions (above), said: "Since setting up in 2009, Arkk has enjoyed strong growth and can now boast a blue chip client base.

"The calibre of staff that we have been able to recruit for the Belfast office has contributed significantly to this growth and has greatly influenced our decision to expand our presence here.

"Invest NI's support has also been pivotal in our decision to create the 16 new posts and we look forward to working with the agency as we roll out our bespoke training programme."

The minister said the company would make the Belfast office a "centre of excellence" for its iXBRL services.

"Compliance is a growing cluster within Northern Ireland's financial and professional services sector and this investment will further enhance Northern Ireland's proposition in this area, particularly with respect to the regulatory technology niche which is of increasing importance," Mr Hamilton added.

Belfast Telegraph

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.