28/06/2001

NEW SOFTWARE COMPANY TO PROVIDE 165 NEW JOBS

A £11.3 million investment by Meridio Ltd, a new international technology company, will provide a total of 165 new jobs, 45 of which are already in place, in Belfast.

The announcement marks a major new document and content management software product, developed by Kainos in Northern Ireland, with Frank Graham, Meridio Chief Executive and formerly Managing Director of Kainos.

Making the announcement Sir Reg Empey, Minister for Enterprise, Trade and Investment, said: "The new company has been formed to realise the global potential of Meridio, a highly functional document and content management software product which incorporates many of the latest internet-focused technologies.

"It demonstrates clearly that the way ahead for our local software industry is through the development of innovative products that meet the needs of the global marketplace. "Meridio combines both excellent technical and software development capabilities along with a focus on sales and marketing and as such sets an excellent example for others to follow.

"Importantly Teamware, a wholly-owned subsidiary of Fujitsu, ACT Venture Capital Ltd and QUBIS are shareholders in Meridio. Fujitsu's endorsement of the new company is particularly significant given the Japanese corporation's global reputation.”

Meridio has 55 employees throughout Northern Ireland and Europe, and has assembled an experienced management team of well-known professionals from the Northern Ireland software industry.

IBI Corporate Finance led successful fundraising for the new company.

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