Business

Limerick tech firm sets up new Derry hub in response to Brexit

Invest NI's Steve Harper (left) with Deveire's Cathal Murtagh
Invest NI's Steve Harper (left) with Deveire's Cathal Murtagh Invest NI's Steve Harper (left) with Deveire's Cathal Murtagh

LIMERICK-based tech firm Deveire has set up a new software development centre in Derry’s Ebrington Square, as it looks to guarantee access to the UK markets post-Brexit.

The Irish web solutions company has said it expects to create 15 new jobs at the site over the next three years. Invest NI has offered the firm £97,500 in support.

Deveire’s move to the site on February 14 was followed by two other businesses in the city confirming their plans to relocate to Ebrington.

Hair studio Atelier and property marketing firm Urban 3D said their separate investments could see a total of 45 jobs at the site by the summer.

It marks a much-needed boost for the former military base, which has struggled to attract companies in recent years.

Deveire’s chief operating officer, Cathal Murtagh, said the tech firm had been attracted by Derry’s talent pool, but said the move was partly Brexit related.

“As a part of our Brexit strategy, the Derry office gives us access to the UK markets. Invest NI’s support has been invaluable, helping us to build a team whose innovative expertise will allow us to develop new products and grow and explore success in global markets.”

Set up in 2010, Deveire has delivered platforms that power systems for major multinationals including Johnson & Johnson, Coca-Cola and Amazon. It has also developed National Geographic’s and Hallmark’s video platforms.

Mr Murtagh said: “Our aim is to create software that meets the users’ needs to allow for seamless experiences that are personal to a user, allowing people to reach their full potential.”

Steve Harper, Invest NI’s executive director of international business, said Deveire’s move was based on the advantages the north-west offers tech firms.

“With our support for 15 new jobs, the company will be able to build upon its innovative ambitions and expand in new markets. The new centre will also create economic benefit for the local economy, with £582,000 of additional annual salaries.”