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  3. Ministers announce expansion of Fidessa plc's Belfast centre
Industry news

Ministers announce expansion of Fidessa plc's Belfast centre


21 January 2011 Belfast
Reporter: Justin Lawson

Generic business image for news article
Image: Shutterstock
First Minister Rt. Hon. Peter D. Robinson MLA and deputy First Minister Martin McGuinness MP, MLA announced that Fidessa plc is to create 90 high-quality financial services technology jobs in Belfast today.

Fidessa, headquartered in London with offices worldwide, is a leading financial markets software and services company. With support from Invest Northern Ireland, it set up a development centre in Belfast in 2008. The expansion announced today is also supported by Invest NI which has offered assistance of 拢970,000.

Making the announcement Robinson said: "The financial services technology sector is important to the Northern Ireland economy in its potential to create wealth through high value jobs and export focused trading. This investment is a welcome confidence boost for the economy, which, as we begin this New Year, is still facing many challenges and will help to drive the growth and international reputation of the financial services sector in Northern Ireland.鈥

McGuinness said: 鈥淭hese new jobs will bring employment at Fidessa鈥檚 Belfast centre to 115 over the next three years. The investment follows recent investments by other internationally successful companies such as NYSE Euronext and First Derivatives and sends a very clear message to multi-national companies that this region has much to offer the global financial service sector.鈥

Enterprise Minister Arlene Foster added: 鈥淚nvest NI鈥檚 support was instrumental in securing this investment as well as the availability of high quality software engineers and the company鈥檚 positive experience at its Belfast operation. I am confident that Fidessa鈥檚 expansion in Northern Ireland will benefit both the company and our local economy.鈥

Fidessa serves around 26,000 users across 900 clients worldwide. Its products are used by over 85% of global, tier-one equity brokers as well as by many of the world鈥檚 largest asset managers.

Chris Aspinwall, Fidessa plc鈥檚 CEO said: "The Belfast centre has been central to the development of our new products and services for the international market and we have been delighted with the calibre of software engineers we have been able to recruit. This further investment will strengthen our development capability and enhance our reputation for providing powerful, robust solutions to meet the requirements of the most demanding blue-chip organisations involved in global financial markets trading.鈥
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