Q1 Labs Ltd., a global developer of security intelligence solutions headquartered in the US, is to establish its European, Middle East and Africa (EMEA) headquarters in Belfast, creating 50 high quality jobs.
Q1 Labs is a rapidly growing security intelligence software company focused on combating cyber crime and cyber warfare. Its flagship offering, QRadar, enables companies to stay ahead of cyber threats and to meet compliance mandates.
Invest NI has offered £750,000 of support towards the investment which will generate stg£2million annually in salaries by 2012.
“As we promote the benefits of developing trade and investment opportunities with the US, this new project is a timely and welcome endorsement of the skills base which continues to attract high-tech companies to Northern Ireland,” Northern Ireland’s Enterprise Minister Arlene Foster explained from Washington.
“Global competition for such high-quality investment projects has never been higher, so for Invest NI to succeed in attracting the EMEA headquarters of a highly innovative technology company, is a commendable achievement.
“Q1 Labs is at the forefront of security software development and its technology is utilised by hundreds of international companies. Their presence in Northern Ireland will further strengthen our growing ICT base and offer quality career development opportunities to local people,” Foster said.
Q1 Labs Limited is a wholly owned subsidiary of Q1 Labs Inc which is headquartered in Waltham, Massachusetts.
About QRadar SIEM
The company’s flagship product, QRadar SIEM, integrates previously disparate functions – including risk management, log management, network behaviour analytics and security event management – into a total security intelligence solution, making it the most intelligent, integrated and automated SIEM product available.
Brendan Hannigan, president and chief operating officer, Q1 Labs, added: "Our new European HQ in Belfast will support Q1 Labs’ global expansion, further driving the explosive growth of our EMEA customer base.
“The globally recognised quality of ICT skills and Invest NI support made Belfast our location of choice and we look forward to commencing recruitment for senior and associate level engineers in the coming weeks. In addition to developing the most innovative security software solutions, the centre will also help us to enhance our global customer support offering in this strategic marketplace,” Hannigan said.
By John Kennedy
Photo: Q1 Labs is a rapidly growing security intelligence software company focused on combating cyber crime and cyber warfare