Posted on Wednesday 28 January 2015 by Ulster Business
Pictured (L) Richard Metcalfe, CEO of Arkk Solutions with Bill Montgomery, Invest NI's Director of International Investment.
A London software company is creating nine new jobs in Belfast as it sets up a new base in the city.
Arkk Solutions, which provides software to help the compliance departments of financial services firms, is replacing an existing operation in India and will be focused on servicing customers in the UK and Republic.
The “near shoring” move is being helped by £45,000 of Invest NI support through the Jobs Fund and the office will work alongside the company’s 20 staff in London.
“This investment supports our focus on growing our outsourced accounts tagging operation,” Richard Metcalfe, CEO of Arkk Solutions, said. “The move to Belfast enables us to operate within the same time zone as the rest of our business and through that support our ever growing-blue chip client base.”
He said greater regulation in the financial services market is offering opportunities for the company.
“Our company strategy is to be the market leader in statutory and regulatory reporting and we’re continuing to develop our products and services as new regulations are introduced.”
And he said the company was impressed by Northern Ireland’s offering.
“The support from Invest NI was essential to our decision to move the operation from India to Northern Ireland. We’re looking forward to developing our Belfast team and to date have been impressed with the availability of local skills. We are convinced this talent pool will assist in boosting our business.”
Arkk Solutions specialises in XBRL and iXBRL, a computer language for the electronic transmission of business and financial data. It has developed software to enable companies to iXBRL tag their accounts as required by HMRC in the UK and the Office of the Revenue Commissioners in the Republic of Ireland.
“Invest NI’s London and Belfast teams encouraged Arkk Solutions to consider locating in Northern Ireland and the company quickly recognised that the region offers a cost-competitive and business friendly environment,” Bill Montgomery, Invest NI’s Director of International Investment, said