A Cork company, which is the world leader in the development of enterprise governance, risk and compliance solutions has invested a further €4.4m in Cork.
The money is being spent by Qumas on a new research and development Centre at Cleve Business Park.
News of the investment coincides with the announcement that the firm has been named Company of the Year by the Irish Software Association.
Qumas chairman and co-founder Paul Hands praised the support of Enterprise Ireland for the new centre and also thanked staff for their ‘fantastic’ work during the years.
“It is their skill and professionalism which has helped us win this prestigious award,” said Mr Hands.
The association is the principal trade association for the Irish software industry.
Minister for Enterprise Trade and Employment Micheál Martin praised the company and said the provision of 40 new jobs at the research centre was very welcome news.
“This development further underlines Cork’s growing stature as a world leader in the information technology and software development sectors,” said Mr Martin.
Staff at the new centre will focus on bringing new and innovative software solutions to the market.
Qumas is the only global compliance software company offering a complete solution to regulated industries.
Recognised as the world leader in enterprise, governance, risk and compliance, the company has more than 250 customers, including global leaders such as Fidelity Investments.
The association cited the company’s outstanding success and achievements in the compliance software industry.