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Newry-based software firm set to expand operations

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First Derivatives boss Brian Conlon

First Derivatives boss Brian Conlon

First Derivatives boss Brian Conlon

Newry financial software giant First Derivatives is expanding its Dublin and Belfast operations as the IDA in the Republic seeks to further tempt the listed firm across the border in the wake of Brexit.

First Derivatives, which employs 1,800 people - largely recruited across Ireland - is in final discussions to acquire a new site in Newry, a move that will create an additional 200 jobs on top of 400 graduate jobs.

First Derivatives, headed by Brian Conlon, has offices in London, Dublin, New York, Stockholm, Philadelphia, Palo Alto and other global locations, while maintaining its Newry base.

It's also set to take on new office space in Belfast at the Weaving Works on Ormeau Avenue.

It is understood that the IDA is keen for First Derivatives and other NI firms to expand in the Republic to serve banks and financial institutions that may relocate all or part of their operations here post-Brexit.

Belfast Telegraph