Economy Minister Dr has announced that
Instil is investing £6 million as part of its ambitious growth
plans to triple turnover by the end of 2028.
Formed in 2005, Instil is a software engineering and cyber
security consultancy headquartered in Belfast. It delivers
product development services for clients across the UK and
US.
Welcoming the announcement, the Minister said: “Growing
our digital sector is a key priority of mine. This
investment is a transformative step for Instil and a significant
boost for our world-renowned IT and cyber security sector. Thanks
to Invest NI's support, the company will create 100 new
high-quality jobs to help it triple its turnover by
2028. Roles will be on offer to IT professionals
and graduates; helping people at all stages of their career
journey.
“Today I was pleased to hear how the company is committed
to environmental sustainability with its green action plan
helping it to reduce carbon emissions.”
Roles on offer include Senior Software Engineers, Tech Managers
and Commercial Sales Executives. As part of its plans, the
company is also intending to relocate to larger premises in
Belfast at a later date.
Paddy O'Hagan, CEO of Instil said: “This investment supports our
ambitious growth strategy to win new customers across the UK and
US in sectors such as fintech and regulated markets. With a
bigger team, we will be ready to scale rapidly and help more
technology brands transform and innovate with secure,
category-defining software.
“We have already recruited 21 of the new positions and hope to
have all positions filled by 2027. We are very excited for the
future and grateful for the support of Invest NI in helping us to
take this next step in our growth journey.”
Invest NI has offered £600,000 towards the creation of the 100
new jobs. It has also offered £120,000 to support the company's
operational efficiencies when it moves to its new premises.
Richard Christie, Director of Technology and Services at Invest
NI said: “Today's announcement will ensure that Instil is best
placed to grow its turnover and reach new markets. Ultimately
this investment will provide the company with the team, skills
and premises needed to scale rapidly. It also underscores our
priority to work with established companies in Northern Ireland
to deepen our client base and boost investment to drive our local
economy.”
