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New jobs boost for software firm New jobs boost for software firm
(about 4 hours later)
A software company is to create 400 jobs in Northern Ireland as part of a £23m expansion.A software company is to create 400 jobs in Northern Ireland as part of a £23m expansion.
Northbrook Technology already employs 1,400 people at locations in Belfast, Londonderry and Strabane.Northbrook Technology already employs 1,400 people at locations in Belfast, Londonderry and Strabane.
The company, a subsidiary of one of the biggest personal insurance companies in the United States, set up in Northern Ireland in 1998.The company, a subsidiary of one of the biggest personal insurance companies in the United States, set up in Northern Ireland in 1998.
The jobs are expected to be divided between the company's Belfast and Derry bases.The jobs are expected to be divided between the company's Belfast and Derry bases.
Northern Ireland's economic development agency, Invest NI, has provided £5.6m aid towards the total investment.Northern Ireland's economic development agency, Invest NI, has provided £5.6m aid towards the total investment.
Its chairman Stephen Kingon said: "Today's announcement underpins Northbrook's long-term commitment to Northern Ireland and sends a clear message that Northern Ireland can be a serious contender in the global software market."Its chairman Stephen Kingon said: "Today's announcement underpins Northbrook's long-term commitment to Northern Ireland and sends a clear message that Northern Ireland can be a serious contender in the global software market."
Bro McFerran, Northbrook managing director, said: "This investment and the continued support from Invest NI will enable Northbrook to carry out higher value software development and will expand our range of products and services.Bro McFerran, Northbrook managing director, said: "This investment and the continued support from Invest NI will enable Northbrook to carry out higher value software development and will expand our range of products and services.
"Our increased capability will give Northbrook a stronger, morecompetitive position in the international financial services market. "Our increased capability will give Northbrook a stronger, more competitive position in the international financial services market.
"Only by a continued investment in people and skills can we sustain our position as a leading player in an increasingly competitive global market.""Only by a continued investment in people and skills can we sustain our position as a leading player in an increasingly competitive global market."