Friday 20 July 2018

Neueda Technologies announces 200 jobs in Republic

Paul Madden, director, Neueda Technologies; Mary Buckley, executive director, IDA Ireland; Minister for business Heather Humphreys; and David Bole, founder of Neueda Technologies
Paul Madden, director, Neueda Technologies; Mary Buckley, executive director, IDA Ireland; Minister for business Heather Humphreys; and David Bole, founder of Neueda Technologies

Margaret Canning and Ellie Donnelly

A BELFAST IT company is opening a software engineering hub in Co Westmeath with the creation of 200 jobs over four years.

Neueda Technologies - which last year expressed concerns over the recruitment of EU talent following Brexit - will carry out software development for global telecoms and financial services at its new offices on Athlone's Dublin Road.

Established in 2002, Neueda's client includes Citi, Fidelity Investments, Ericsson, Allstate, and Liberty Mutual.

The £15m (€16.8m) revenue business employs around 200 people at its headquarters in south Belfast.

The company, which established a second site in Latvia in 2012 to support and grow its international client base, also has premises in London and New York.

Nueda Technologies won funding from IDA Ireland for the new office, but yesterday's announcement made no mention of any Brexit influence on the opening.

Around 70 staff are in place, with 80 expected to be in place by the end of the year.

Heather Humphreys, the Minister for Business, Enterprise and Innovation, said: "This large expansion of Neueda's operation here in Athlone is a welcome boost for the Midlands.

"It is also a great vote of confidence in what the region has to offer and a testament to the talent and skillset of the existing staff."

David Bole, co-founder of Neueda Technologies, said: "After considering several international locations for our new engineering hub, we opted for Athlone in January and I can say that we wish we had set up here years ago. With one-third of our current positions already filled, we continue to be impressed with the level of technical and engineering talent available to us in the Midlands, particularly considering our very high hiring bar."

IDA Ireland executive director Mary Buckley said: "This is a young company which has made a strong start in the business and technical training space, having already developed a strong international client base.

"The fact that 70 members of staff have already been hired clearly demonstrates the availability of talent with the appropriate skills."

In June last year, the company unveiled plans to invest £12m in 165 new roles and talent development in Belfast.

And in October, co-founder and chief executive Brendan Monaghan said it had opened an office in Malaga, Spain, to help it retain talent following Brexit.

Irish Independent

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