A cybersecurity company has announced 70 new jobs in Derry-Londonderry as part of a £4.5 million investment.

Based in the city, MetaComplance develops cloud software for cybersecurity and compliance, providing software solutions and e-learning content to educate employees on the dangers of a cyberattack.

The firm is looking to grow its business into new markets in the US and Europe. The 70 new jobs, which will help develop the cybersecurity learning market via cloud-based solutions, will inject an estimated £1.9 million per year in additional salaries into the local economy.

MetaCompliance chief executive Robert O’Brien said: “Our ambition is to be internationally recognised in our field of expertise. We have seen a rapid global increase in the demand of cybersecurity products and services, particularly since GDPR has been implemented.

Invest Northern Ireland has offered £695,000 of support towards creating the new jobs and market development activity.

John Hood of Invest NI said: “MetaCompliance is already a strongly established business within the cybersecurity sector. The creation of these jobs will build upon its previous success and help the company to expand its presence in the North West, the cybersecurity market, and in new markets.

Invest NI has previously supported MetaCompliance with job creation investment in 2017; management and digital training for employee development; and R&D support for its Voyager and MyCompliance Cloud user awareness cloud solutions. The company is also currently receiving support through Invest NI’s Skills Growth Programme.

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