A software firm has revealed it is going to undertake a £3.5 million expansion plan with support from regional economic development agency Invest Northern Ireland.
Londonderry-based Singularity aims to accelerate its growth in the business process management field by developing new products for UK and international telecoms, capital markets and government sectors.
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The proposal includes more than £500,000 in training assistance from the European Regional Development Fund, which is intended to support graduate career progression, management skills and staff training.
Padraig Canavan, Singularity's Managing Director, said the firm has ambitious plans for its future and looks forward to increasing its Northern Ireland base.
Singularity's strong focus on innovation, research and development has been the key to its achievements and will be the cornerstone of its continuing success
Arlene Foster
Enterprise Minister
Enterprise Minister Arlene Foster commented: "Singularity's strong focus on innovation, research and development has been the key to its achievements and will be the cornerstone of its continuing success.
She also claimed the company is regarded as a market leader and said its expansion will result in new jobs, increased intellectual property creation and more exports.
Customers of the firm include international organisations such as JP Morgan, Visa, Invesco and the Bank of Tokyo-Mitsubishi UFJ.
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