Posted on Thursday 30 May 2013 by Ulster Business
Enterprise Minister Arlene Foster announces 71 jobs with Karl May, CEO and Founder of Vello Systems.
Vello Systems, Inc. which was formed in Menlo Park, California in 2009, develops technology which is used by the Large Enterprise sector to provide solutions for data centre networking.
Of the 71 new jobs, over half will be software engineers working on R&D activities, the company said. The remainder will carry out a range of marketing, customer service and business development activities. Invest NI has offered Vello £710,000 of support to come to Belfast.
Karl May from Vello said: "We decided to visit Belfast last year and were
greatly impressed, not just with the infrastructure, talent pool and strong
R&D base, but also with the genuine support and financial incentive offered
by Invest NI.
"Our client base already includes some highly influential financial services
companies which demand only the most advanced and effective technology
available. Northern Ireland will allow us to capitalise on the opportunities
for our products in that sector and provides us with a location close to
target markets in Europe."
Enterprise Minister Arlene Foster added: "Vello is a newly established,
highly dynamic company which is working at the cutting edge of networking
technology. Once all the jobs are in place, they will generate over
£2.4m annually in salaries which is yet another important and welcome
boost to the local economy.
"Vello was identified as a potential source of new investment by Invest
Northern Ireland over a year ago and I am pleased to say that the team was
able to work closely with senior management to secure this investment,
despite strong competition from other European locations."