Economy Minister has announced that AVEVA, a
global leader in industrial software, is investing £1.4million to
establish a Research and Development (R&D) centre in Derry
which will double its workforce.
Headquartered in Cambridge, AVEVA first established a presence in
Derry in 2015. AVEVA is a global leader in industrial
software. The company's secure industrial cloud platform and
applications enable businesses to harness the power of their
information and improve collaboration with customers, suppliers,
and partners.
During a visit to AVEVA's premises at the Innovation Centre,
Derry, Economy Minister welcomed the significant
investment: “This strategic expansion by AVEVA is a strong
testament of its confidence in the North West's skilled
workforce. Supporting R&D is a key priority for me as we
work to enhance productivity across the north. This
investment and the creation of 23 new jobs is a significant boost
for the local economy and aligns perfectly with my regional
economic action plan, which aims to promote balanced economic
growth across the north.
“AVEVA's long-term investment in Derry reinforces the region's
potential as a leading technology and innovation hub and I am
confident this investment will deliver lasting benefits for both
the local economy and the north's position in the global tech
landscape.”
The expansion will focus on the development of products to
support AVEVA's global growth, including the growth of its
flagship Asset Information Management (AIM) solution. This
software plays a key role in managing vast data sources for
AVEVA's customers, and the new site will also allow the company
to scale its cloud-based solutions to meet growing demand.
Iju Raj, Executive Vice President, R&D, AVEVA added:
“Innovation and investment in technology are central to AVEVA's
strategy. We have multiple R&D locations throughout the globe
and have chosen to expand within Northern Ireland due to its
strong talent pool, associated links to local universities and
successful placement and graduate schemes.
“Our decision to expand in Derry is a testament to the wealth of
talent available in the North West and the support, advice and
guidance we've received from Invest NI. This R&D centre
will be crucial for developing products that keep us at the
forefront of technological advancements, enabling us to maintain
our competitive edge in the global market.”
Brendan McGuigan, Director of Advanced Manufacturing and
Engineering at Invest NI welcomed the announcement: “This project
is an exciting addition to Northern Ireland's thriving software
sector. By combining our local talent pool with Invest NI
support, AVEVA has chosen Derry as the strategic location for its
second UK R&D hub, securing a bright future for the company's
operations here.”
Notes to editors:
AVEVA is a global leader in industrial software, sparking
ingenuity to drive responsible use of the world's resources. The
company's secure industrial cloud platform and applications
enable businesses to harness the power of their information and
improve collaboration with customers, suppliers, and partners.
Over 20,000 enterprises in over 100 countries rely on AVEVA to
help them deliver life's essentials: safe and reliable energy,
food, medicines, infrastructure and more. By connecting people
with trusted information and AI-enriched insights, AVEVA enables
teams to engineer efficiently and optimise operations, driving
growth and sustainability. Named as one of the world's most
innovative companies, AVEVA supports customers with open
solutions and the expertise of more than 6,400 employees, 5,000
partners and 5,700 certified developers. The company, which has
operations around the globe, is headquartered in Cambridge, UK.
More information is available on
the AVEVA website(external link opens in a new window / tab).
