Business

Belfast software firm secures £1m US contract and takes on 27 staff

Belfast based AquaQ Analytics has secured a £1 million export deal in the US. Alastair Hamilton (right), Invest NI chief executive, is pictured with Ronan Pairceir, AquaQ Analytics.
Gareth McKeown

A BELFAST software company has secured a lucrative new £1 million US export deal and taken on 27 new staff in the past six months.

AquaQ Analytics has announced a contract to capture and analyse market data for a New York global investment management firm, with an 11 person team dedicated to the new contract. The roles are part of 27 new employees recruited at the firm since April and have boosted the AquaQ Analytics' workforce by 70 per cent.

Invest NI has offered AquaQ Analytics over £138,000 of support towards the 27 positions, all of which are in place, and export market assistance. The new roles will contribute over £780,000 annually in additional salaries to the Northern Ireland economy.

Invest NI chief executive Alastair Hamilton said the Belfast firm's commitment to its export market is now grabbing the attention of major US firms.

“The company has used Invest NI trade support to visit the US a number of times. This has demonstrated a firm commitment to its overseas partners and has enabled it to build relationships to secure this valuable contract. It is now in a very good position for further growth in the US, a market which offers significant opportunities for Northern Ireland businesses.”

CEO at AquaQ Analytics, Ronan Pairceir said the Invest NI support over a number of years is reaping "significant dividends" for the company.

"We have been able to expand our workforce with the wealth of talent that Northern Ireland is renowned for, and benefit from trade support which has been instrumental in helping us secure this momentous contract."

“Our next steps are to exploit further opportunities in this market and as we continue to expand our relationship with this new client, we are in talks to secure additional projects for our business," he added.

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