The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
160 jobs Number of planned job creations
Announcement Date
13 April 2006
Employment effect (start)
Foreseen end date
Description
Almost 160 new technology jobs are being created in Belfast. Indian software development company Polaris Lab is set to target the banking and financial services sector. News of the investment was released by Northern Ireland Secretary Peter Hain who is on a five-day working visit to India. Mr Hain said the firm would establish a near-shore software development centre in the city with £1.5m financial assistance from Invest NI. Bikash Mathur, executive vice-president and business head of Polaris Europe, said the strong skills base was one of the reasons for picking Northern Ireland. The project is expected to generate salaries in Northern Ireland of around £7m over the next two years. Polaris Software Lab is headquartered in Chennai, and has 12 engineering centers in India and offices in Asia, Europe and north America.
Sources
Citation
Eurofound (2006), Polaris Lab, Business expansion in United Kingdom, factsheet number 63352, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63352.
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