Posted on Wednesday 15 October 2014 by Ulster Business
Pictured (left) is Moira Loughran, Invest NI, with Andrew Logan, Marketstall Services and Software Solutions.
A Templepatrick company has created six new jobs as part of a £1.5m expansion of its software business.
Marketstall Services and Software Solutions has already taken on the developers to help its business create branded software for retailers and to target overseas markets.
Australia is at the top of its list of targets after it recently secured contracts to supply its technology to over 40 convenience stores in Melborne and Queensland, as well as a being appointed an official vendor by BP in the country.
Invest NI has offered support of up to £320,000 to help fund the expansion, including research and development funding, part of which comes from the European Regional Development Fund.
Marketstall Managing Director Andrew Logan said it had to look outside Northern Ireland to grow the business.
“We looked at export markets such as Australia and the US with similar convenience retailing systems to Northern Ireland to see how our technology would fit,” he said. “ This market research led to a decision that we should create new software that could be localised to specific markets, the first being Australia.
“Our focus on Australia has also led to a decision to set up an office in Melbourne that’s staffed by local people. We recently secured our first business in the area. This gives us a strong platform for further growth there and encouraged to explore opportunities in other markets such as the US.”
Moira Loughran, Invest NI’s Eastern Regional Manager, said Marketstall’s experience at home has helped it break into overseas markets.
“The company has identified opportunities overseas for expertise and knowledge in retailing technology that it has developed working with independent retailers and convenience stores in petrol forecourts in Northern Ireland and the Republic of Ireland over many years.”