US-headquartered IT firm to create more than 250 jobs in Derry as it sets up EU hub
An IT firm is set to create more than 250 new roles as it intends to create a European centre of excellence in Derry.
Alchemy Technology Services provides software implementation and technology consultancy to the UK and European insurance sector.
The Texas-headquartered firm will provide certified staff for the implementation of digital solutions across the insurance industry.
Director and Founder John Harkin said that insurance companies across Europe are making "an unprecedented investment in the digital transformation of their core systems and processes to respond to the changing demands within their marketplace".
"There is a real shortage of specialist skills to respond to this upsurge in digital transformation projects across the insurance industry. We plan to help meet that demand by bringing new talent into the industry," he said.
Alastair Hamilton, CEO, Invest Northern Ireland said the company has identified a gap in the insurance market, and has chosen Derry as their talent source.
"Alchemy is planning to create the new roles in software implementation and technology consultancy over the next three years. The majority of the roles will be customer facing with the opportunity to work on projects right across Europe," he said.
"With average salaries in the mid-£20k range, and good opportunities for progression, these are roles that will suit college and university students, as well as graduates."
The project will be a large economic boost to Northern Ireland as it is expected to generate more than £6.5m in annual salaries when fully implemented.
The new centre will based at City Factory in Derry.