Irish specialist IT solutions provider for the life and pensions industry Exaxe is to create 20 new jobs over the next two years, driven by its expansion into global markets.
The company this morning announced a 30pc increase in revenues for the year ending 2010 and revealed plans to expand the business with the generation of 20 new jobs over the next two years.
This revenue growth reflects the continued success of Exaxe’s innovative component-based solutions for the life, pensions and wealth management sector.
In 2010, Exaxe secured a contract with Capita, the leading BPO provider in the UK, to license Illustrate Plus to provide full new business and existing business illustrations support for all of the books of business administered by Capita.
When this programme is completed, Exaxe technology will support in excess of 25pc of all life and pensions policies in the UK.
Exaxe spearheads international expansion
During 2010, Exaxe embarked on a market expansion programme into Canada, Australia, New Zealand and the Nordics, and is now engaged in detailed discussions with a number of potential clients in these markets.
Throughout 2010, Exaxe also continued to expand its offering through ongoing development of its other software components and utilities, including the launch of next-generation testing, development and regulatory technologies.
“Our performance over the last 12 months reaffirms our business strategy and provides the platform for our planned future growth and expansion into new markets,” said Philip Naughton, Exaxe’s executive business development director.
“We are particularly delighted with this growth in revenues and opportunity to create new jobs in the current economic climate, which has been challenging; it proves that there is always an appetite for innovative business solutions, especially where they have a proven track record of being cost effective and delivering significant business efficiencies,” Naughton added.