Fieldmotion is expanding its workforce in Newry as part of an investment targeting additional US sales.
The company is benefiting from Invest Northern Ireland assistance to recruit 14 new jobs, almost half of which are already in place. Fieldmotion has a growing network of UK and US based partners licensing its workflow and field management software, which was developed using R&D support from Invest NI.
Welcoming its progress and growth plans, Mark Bleakney, Invest NI’s Southern Regional Manager, said: “Fieldmotion has experienced encouraging growth in its target markets and this in an important investment that will help to accelerate its progress in the US. The 14 new jobs being recruited will generate £333,000 annually in additional salaries to the Northern Ireland economy and create valuable employment opportunities in the Newry, Mourne and Down area.
“This entrepreneurial tech company has worked closely with Invest NI from its inception and benefited from a range of support including mentoring on the Propel programme and technical advice to secure IP protection. Investing in R&D, marketing development and job creation has given Fieldmotion a solid competitive position to target new business outside of Northern Ireland.”
The 14 new jobs being recruited by 2020 include Sales, Digital Marketing and Technical support positions. Six of the roles are already in place. Invest NI has offered £99,500 towards the job creation.
Jim Finnegan, CEO of Fieldmotion, said: “The workforce management software market is growing and we see significant market opportunity to license our software globally. Our product provides a cloud based digital platform for field workers, allowing data capture in real time and facilitating effective communication, real time decisions, accountability and time management for businesses across any industry or sector.”
The company has also received £150,000 investment from the Growth Loan Fund to support its development. The fund is part of Invest NI’s Access to Finance portfolio and is managed by Whiterock Capital Partners.
“Invest NI’s ongoing support has been central to our progress to date and will help to accelerate our three year development plan. Recruiting 14 new staff will create the additional resources needed to continue to build our customer base and achieve our growth objectives.
“We are encouraged by the development of our partner network to date and will be focused on driving growth in the US as well as targeting prospective partners in Australia, Canada, QATAR, Kuwait and India,” adds Jim.
Neil McCabe, Senior Investment Manager at WhiteRock Capital Partners, commented: “Fieldmotion has a strategic plan in place to further grow its footprint in the US market. We’re delighted to be able to provide funding to help an innovative company reach its full potential.
“Jim has identified a gap in the market for a product that has global appeal to a variety of sectors. Indigenous companies such as Fieldmotion are the type of businesses the Growth Loan Fund is keen to support.”
Invest NI’s research and development assistance is part funded by European Regional Development Fund.
Growth Loan Fund
Finance for the £50m Growth Loan Fund – which provides loans to established Northern Ireland SMEs seeking to access growth finance – has been provided by Invest Northern Ireland and private investors, Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC). For more information on the Growth Loan Fund visit WhiteRock Capital Partners
Invest Northern Ireland
Invest Northern Ireland works with individuals, companies and organisations in manufacturing and tradable services which show the ambition and commitment to grow by being more innovative, more entrepreneurial and more internationally focused.
Invest NI’s resources are focused on assisting our clients to improve competitiveness, increase innovation, promote a stronger international focus and create more positive attitudes to enterprise.
Invest NI’s full range of support and services are delivered through local offices in including Newry. Information on Invest NI’s Support for Business can be found here.