£10m investment plan to create 60 new IT jobs
An IT firm has announced it is to create 60 high-calibre software engineering jobs at a new office in Londonderry.
Enterprise Minister Arlene Foster announced the £10m investment by Kainos, which specialises in healthcare, financial services and public sector IT.
As part of the planned investment, the company will undertake a major research and development project at its Belfast office, which will create a further eight jobs, and invest almost £4m in staff training across Northern Ireland.
The company is one of Northern Ireland’s most successful indigenous ICT companies, employing over 300 staff across its offices in Belfast, Dublin, London and Gdansk.
The investments in employment, research and training are being supported by Invest Northern Ireland, which has offered £2.6m of assistance.
Part of the public funding has been levered from the European Regional Development Fund.
Speaking at Invest NI’s headquarters at Timber Quay, Ms Foster said: “This is an ambitious investment by Kainos which aims to double its revenue over the next few years and further extend its market reach into mainland Europe and the USA.”
Mayor of Derry, Alderman Maurice Devenney, said the jobs announcement was very positive news for the city.
Brendan Mooney, chief executive of Kainos, said the company specialised in bringing technology systems together and delivering content to organisations via secure portal, mobile, or cloud platforms.
“In the last year we have seen significant market take-up of our healthcare solution, Evolve, and that coupled with a sustained increase in our core services, has opened up substantial opportunities for us across Europe and in North America,” he said.
Kainos specialises in the deployment and integration of various technologies. Global and local organisations rely on Kainos’ solutions and services to manage, underpin and improve their businesses. The company currently employs over 320 and it created 82 new jobs in Belfast in October of last year with support from Invest NI.