County Down-based software development company Tascomi is to create at least ten jobs after securing £600,000 from the Growth Loan Fund.
Tascomi specialises in providing web-based software services for local authorities across the UK and Ireland.
The company’s planned jobs drive is part of a strategy to increase its foothold in the English and Welsh markets.
Richard Martin, managing director at Tascomi, said: “Last year we expanded our business into Wales and England, securing a major contract with the Welsh Purchasing Consortium, including up to 19 local authorities in Wales.
“This year we would like to penetrate these markets further. The business has gone from strength to strength and we feel the time is right to add to our exceptionally talented workforce.
“Canada is another market that we have been looking closely at breaking in to. We have plans to attend trade shows over there in the next quarter which we hope can help us build good contacts.
“We are an ambitious company with aspirations to expand into new markets.”
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 NI and the Northern Ireland Local Government Officers’ Superannuation Committee.
Jenna Mairs, investment manager at WhiteRock Capital Partners, said: “Tascomi is an exciting local company with plans to take its solutions around the world.
“This investment will help ensure they maintain a strong foothold in the UK and Irish markets while continuing to grow the business.”
Richard Moorehead of HNH Group advised the company on the funding round. He said: “Tascomi is a genuine local success story. We were delighted to able to assist Richard and his team in accelerating their plans to grow the business.”