Florida firm to invest £4.7m in Belfast facility

A Florida based multinational company listed on the New York Stock Exchange is to invest £4.7 million to set up a data centre and technical support facility in Belfast.

Ocwen Financial Corporation (OCN) will initially create 12 jobs in the capital-intensive project, backed by Invest NI.

Announcing the investment Leslie Morrison, Chief Executive of Invest NI said: “This project will accrue significant benefit to the economy. It is creating quality jobs and introducing new technologies that will further enhance and diversify the skills of Northern Ireland’s workforce.

“The project was identified and pursued by the Invest NI team in Atlanta and Belfast, and through their dedication we have secured this investment for Northern Ireland."

Mr Morrison added that Ocwen had considered several other locations within Europe but was drawn to Northern Ireland because of the available skilled workforce, advanced telecommunications infrastructure; and the professional support and financial support offered by Invest Northern Ireland.

“Long-term the Ocwen project offers tremendous growth potential and will provide an excellent opportunity for Northern Ireland to further expand its information and communications technology sector," Mr Morrison said.

"We’re continuing to invest substantially in companies with the ability to enhance their global competitiveness and add value to the Northern Ireland economy."

Ocwen is a global leader in the deployment of software, voice over IP and network technology. The investment involves the establishment of a Data Centre that will feature state-of-the-art technology and will provide half of all processing capacity and communications support for Ocwen’s global requirements.

It will also serve as a global communications hub supporting international voice and data traffic transport, routing and monitoring.

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