First Derivatives secures grant to create Northern Ireland jobs

Capital markets tech house First Derivatives says it will create 359 new jobs after receiving funding from Invest Northern Ireland.

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First Derivatives secures grant to create Northern Ireland jobs

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The Newry-based company will add 347 consultancy and operations positions, as well as 12 managerial roles, over the next three years thanks to the £4.3 million funding from Invest NI.

The grant will "enhance the operational infrastructure and near shore capabilities necessary to support the increasing demand for its consulting services" according to a statement.

Brian Conlon, chief executive, says: "This support from Invest NI will help us to execute an aggressive growth strategy that will capitalise on the opportunities we are being presented with from our global client base."

Founded in 1996, First Derivatives received £1.29 million from Invest NI last year towards a major research and development push and £3 million in 2009 for the creation of 142 new jobs.

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