A Silicon Valley based high-tech company that specialises in protecting businesses from online fraud is to develop a new research and development (R&D) centre in Northern Ireland, which is expected to create 150 jobs. California-headquartered Signifyd, which was founded by former PayPal and FedEx employees, said the company’s first investment in Northern Ireland would help expand its European operations. According to Raj Ramanand, co-founder and chief executive of the US company, it had explored a number of potential investment locations before deciding on Belfast. The US company believes its new Belfast R&D centre will help to broaden the company’s European presence and support its global ambitions. Alastair Hamilton, chief executive of Invest Northern Ireland, said: “The addition of Signifyd to the payment technology sector in Northern Ireland is very welcome.

Source: The Irish Times February 25, 2019 13:54 UTC