Business

Radius Payment Solutions opens new European financial hub in Belfast

Pictured at Radius Payment Solutions' new state-of-the-art offices in Belfast are (from left) CBI Northern Ireland director Angela McGowan, Economy Minister Gordon Lyons, company founder and chief executive Bill Holmes, and Stephen McQuoid, Ireland director at Radius Connect. Picture: Brian Thompson

RADIUS Payment Solutions has opened new state-of-the-art offices in Belfast, confirming a suite of multi-million-pound investments in the city and region.

It will act as a catalyst for further expansion across the island, complementing existing offices in Derry and Galway while also supporting teams at its headquarters further afield.

The base at Clarendon Dock, which will act as Radius Connect’s finance hub for Europe, is also the company's largest office outside its headquarters in Crewe.

Radius Payment Solutions, a Sunday Times Top Track 100 company, has more than 40,000 customers across the island of Ireland in telecoms, fuel cards and telematics.

It previously acquired leading local telecoms firms Rainbow Communications and Connect Telecom, which have become part of the Radius Connect telecoms business.

The new offices are also central to Radius’ global strategy, seeing it operate 21 offices across 18 countries, providing services to millions of customers.

The offices were officially opened by Stormont economy minister Gordon Lyons, who congratulated the senior Radius team on its significant investments and a commitment to driving growth and employment opportunities.

He added: “The importance of Northern Ireland’s digital sector cannot be understated and I’m delighted Radius Connect is committed to helping to power the transformation which SMEs across the region need to ensure they are better and securely connected with the capacity for growth.

“Digital transformation is a cornerstone of growth and prosperity and I’m thrilled this official opening ceremony marks a new and positive milestone in the company’s development.”

Radius was founded in 1990 by chief executive Bill Holmes and now has over 2,000 employees and an annual turnover of more than £2.6 billion.

Mr Holmes said: “The opening of this new world class office marks a major new step in the development and integration of our business in the UK and Ireland, and I’m delighted that our new strategically-located city centre headquarters will now help to kick start a new era of growth to support a significant expansion in the range of services which we provide.”

The company's group managing director of telecoms Ray Ferris added: “We're excited to be jointly working in new office space in Belfast and look forward to growing our teams and presence in the B2B market in Northern Ireland.

“We have big plans for growth in Ireland and see huge benefits in having local presence across the country.”

Enjoy reading the Irish News?

Subscribe now to get full access