EOS IT Solutions eye further US growth following 'eight-figure funding package' from HSBC UK

EOS IT Solutions employ more than 1,400 people worldwide
EOS IT Solutions employ more than 1,400 people worldwide

BANBRIDGE-based EOS IT Solutions has said it is continuing to expand its business in the US on the back of an eight-figure funding package from HSBC UK.

The Co Down firm said the funding had been used to buy new networking and security equipment following a period of sustained growth from its Silicon Valley clients.

Set up by the Strain family in 2014, EOS IT Solutions now employ 1,400 people worldwide, including 250 in Northern Ireland.

Ninety per cent of its customer base is based overseas, from Brazil to Japan.

Brendan McArdle, group finance controller, said the company recorded a 30 per cent rise in turnover last year following an expansion in its range of products and services.

Commenting on the finance from HSBC UK, he said: “After our initial engagement with HSBC UK two years ago, we felt confident to lean on the bank for support as we solidify our overseas growth.

“We’re excited to be expanding our presence in the US and look forward to being able to offer our trusted services to new clients.”

Rory Clarke, corporate relationship director at HSBC UK, added: “It is truly exciting to see a family-run business, founded and headquartered in Northern Ireland, develop into a global market leader within the technology and logistics sector.

“This deal will see EOS IT Solutions cement its place as a major Northern Irish exporter and employer.”