Posted on Monday 10 September 2018 by John Mulgrew

It web

A US tech firm is creating around 256 new jobs in Londonderry in one of the single biggest announcements in the north west in the last few years.

Alchemy Technology Services is adding the posts - which will have salaries averaging £25,000 - alongside assistance from Invest NI.

It will provide "software implementation and technology consultancy to the UK and European insurance sector".

The firm was founded by Derry man John Harkin. Mr Harkin said that "there is a real shortage of specialist skills to respond to this upsurge in digital transformation projects across the insurance industry".

"We plan to help meet that demand by bringing new talent into the industry.

"We look forward to working with the Department for the Economy’s Assured Skills Training programme to recruit business and technology oriented graduates and college students with good communication and interpersonal skills to fill these customer facing roles.

"I am originally from Derry, and have made frequent visits here in recent months as we assessed different locations for this investment. I have met with the colleges and university, and numerous students and have been impressed. I am confident that this is the right place to set up our business and find the talent we need."

Invest NI has offered the company more than £1.5m to create the posts, while the Department for the Economy is providing £800,000 of Assured Skills funding.

Alastair Hamilton, chief executive of Invest NI, said: "The Alchemy management team has extensive knowledge of the insurance sector and in delivering transformation projects.

"They have identified a gap in the market to provide a service to the insurance industry and believe Londonderry is the right place to find the talent to meet this need.

Sinn Fein MP Elisha McCallion said the announcement is a “great boost to the city and the wider north west region”.

“The company is making a significant investment in the city through the creation of 250 high level posts.

“This is a major boost for the local economy and demonstrates what this region can offer when people work in partnership to make the vision of a new Derry and north west a reality.

“The jobs have been created due to the hard work and partnership with the company, Derry City & Strabane District Council, North West Institute and the local branch of Invest NI.”

ohn Harkin, Director and Founder, Alchemy said: “Insurance companies in the UK, and across Europe, are making an unprecedented investment in the digital transformation of their core systems and processes to respond to the changing demands within their marketplace. There is a real shortage of specialist skills to respond to this upsurge in digital transformation projects across the insurance industry. We plan to help meet that demand by bringing new talent into the industry.

“We look forward to working with the Department for the Economy’s Assured Skills Training programme to recruit business and technology oriented graduates and college students with good communication and interpersonal skills to fill these customer facing roles.

“I am originally from Derry, and have made frequent visits here in recent months as we assessed different locations for this investment. I have met with the colleges and university, and numerous students and have been impressed. I am confident that this is the right place to set up our business and find the talent we need.”

 

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