Posted on Tuesday 7 October 2014 by Ulster Business

Cheers for belfast as boston company creates 75 jobs

Enterprise, Trade and Investment Minister Arlene Foster and Invest NI Chief Executive Alastair Hamilton are pictured with Corey Thomas, President and CEO of Rapid7

Belfast has beaten off competition from nine other cities around the globe as the location for a Boston company to set up a new base and create 75 highly-paid jobs.

Rapid7 has announced it is setting up a development centre in the city to support its cybersecurity business and will be paying average salaries of £40,000 a year, well above the average salary in Northern Ireland of around £24,000.

They’ll be skilled software developers and will design, build and test its software and cloud-based services for the Boston’s company’s clients which include 25% of the names in the Fortune 500, the annual list of the top 500 US companies.

It’s already taken on 30 of the staff and will hire the rest over the next three years as the base establishes itself.

CEO Corey Thomas said the quality of the workforce, the research work the universities are carrying out in IT security and a visit from the First and Deputy First Minister to Boston last year had all helped to put Belfast at the top of the list for the new base.

“We had the pleasure of meeting the First Minister and the deputy First Minister when they came to Boston last year,” he said. “With their encouragement we decided to consider Northern Ireland further. We were impressed with the excellent business environment, particularly the close working relationship between government, industry and academia.”

Invest NI has offered support of £510,000 for the investment.

“Not only are these jobs highly skilled, they are highly paid,” Enterprise minister Arlene Foster said. “The new positions, which will be created over the next three years, will have an average salary of over £40,000, generating over £3million annually for the local economy. “

Search ulsterbusiness.com

Follow us

Subscribe to Ulster Business Magazine

View Our Digital Library

A L Top 100 2017 button