25/03/2005

Belfast software firm investment to create 25 jobs

A Belfast-based software development company is to invest £1.5 million over the next two years to develop software services for its US based parent company.

Liberty Information Technology (LIT) said the expansion, which will create 25 new jobs for experienced software engineers, would benefit various operations at its parent company, Liberty Mutual Group.

LIT managing director Gordon Bell said: “The overall aim of this project is to extend the range of expert services that we provide to Liberty Mutual Group’s various operations and to strengthen further our competitiveness in terms of costs and quality.

“While we have been successful in winning new business from Liberty Mutual Group subsidiaries, such as Liberty International Underwriters and Regional Agency Markets over the past year, it is vitally important that we continue to enhance competitiveness and cost-efficiency by investing in our capability.”

In May 2004, the company announced a £2.9 million expansion that led to the creation of 26 new jobs.

Both ventures have attracted support from Invest NI.

(MB/SP)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

26 November 2001
Minister consults on open-ended investment companies
The Minister for Enterprise, Trade and Investment has pledged a commitment from his department to providing a modern financial services regulatory framework in Northern Ireland relevant to the needs of local investment firms and investors.
12 February 2003
Liberty IT improves efficiency with model standard
Belfast-based Liberty Information Technology, which is involved in the development of insurance and financial service software, has successfully adopted a quality assurance benchmark with the help of Invest NI.
21 May 2013
Call For Effort To Promote Investment Opportunities In West Belfast
SDLP Councillor Tim Attwood has said there must be a concerted effort to promote investment opportunities in West Belfast. Figures revealed in an Assembly Question asked by SDLP MLA Conall McDevitt demonstrate that West Belfast was given £4.
16 October 2019
Invest NI Launches New Equity Funds For SMEs
Local SMEs with high potential for growth could be set to benefit from two Equity Funds recently launched by Invest NI. Part funded by the European Regional Development Fund, the agency has committed £95 million in total to establishing the new funds, with a range of firms eligible for the support.
11 April 2002
UK new investment projects fall
The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.