A Newry technology company, which works with names such as HSBC and the European Space Agency, is creating 39 jobs.
ISx4 said the move is part of a £4.8 million expansion which will see it grow its high tech data science services throughout the world while also developing its skill base. Once all the jobs are in place, they will deliver annual salaries of £2 million.
The company focuses on transforming company data into “actionable insights” using data science, artificial intelligence and machine learning. It already works with major organisations around the world in the financial services and government sectors and those closer to home including Newry-headquartered First Derivatives and the Irish Olympic team.
“By investing significantly in cloud technologies, we are currently delivering exciting real time solutions in diverse areas from strategic environmental safety to elite sporting organisations, such as the Irish Olympic team,” Kielty Hughes, CEO of ISx4, said. “We help our clients achieve their goals and influence their own bottom line business outcomes, through use of advanced data analytics and the modelling of their own data. ISx4 has a strategic objective of delivering high tech data science services to the global economy, using local talent to grow our team.”
Invest NI has offered ISx4 support towards the creation of the 39 jobs, nine of which are already in place, and toward the skills development.
George McKinney, Director of Technology and Services, Invest NI, said the organisation has been work with the company since 2020.
“It’s great to be able to support a local start-up to recognise its growth potential and take the next steps to achieving this,” he said. “The company is already recruiting at pace, rapidly growing its business to implement its strategy, while its skills investment will increase the team’s core capability so that it can build on the success it’s achieved to date throughout all of Europe.”
