TECHNOLOGY firm MetaCompliance is investing more than £4.5 million in Derry in a move which will create 70 jobs.
The company, which develops cloud software for cyber security and compliance, says it is seeking to capitalise on demand in US and European export markets.
MetaCompliance provides software solutions and e-learning content to educate employees on the specific dangers of a cyber attack via phishing and ransomware helping companies minimise risk and reputational damage.
The company already employs more than 100 people at its support and development centre in Derry, and also has offices in Dublin, London, Birmingham and the US.
The 70 new jobs - which Invest NI is supporting to the tune of nearly £700,000 - will help develop the cyber security learning market via cloud-based solutions.
Chief executive Robert O’Brien said: “Our ambition is to be internationally recognised in our field of expertise. We have seen a rapid global increase in the demand of cyber security products and services, particularly since GDPR has been implemented.
“Invest NI’s support has been fundamental to our continued growth to match this demand.
“Along with helping to grow our team, it has supported the development of our specialist cloud-based software solutions, and our team’s talent and skills.
“This ensures we are in the best position to advance in European and US markets.”
Invest NI director John Hood said: “MetaCompliance is already a strongly established business within the cyber security sector. The creation of these jobs will build upon its previous success and help the company to expand its presence in the north west, the cyber security market, and in new markets.
“We've worked with MetaCompliance for many years, helping it to reach its full business potential, and I'm delighted to see it continuing to expand and succeed.
“The creation of 70 new jobs will generate £1.9 million annually in additional salaries into the local economy.”
