Judith Cochrane MLA said: “This will be a massive boost to the Newry and wider economy. It is further evidence that our economy is beginning to recover following the financial downturn.
“These high value posts are exactly the type of jobs that we should be looking to create in Northern Ireland. There are many opportunities within the IT and financial services sectors for further growth and I hope to see more positive announcements in the future.
“First Derivatives is a local success story and is proof of our entrepreneurial spirit, and I would like to congratulate all involved in the company.”