Page last updated at 11:18 GMT, Tuesday, 21 April 2009 12:18 UK

43 jobs announced at city firm

Internet cable
The firm makes software used to improve internet connectivity

A technology company is to create almost 50 new jobs in south Belfast.

Intune Networks makes software which is used to improve high speed internet connectivity.

The Dublin based company is investing almost £10m in a new research and development centre in the Sandy Row area.

It plans to recruit 43 highly-skilled workers in addition to the 34 already at the site.

Enterprise Minister Arlene Foster said Invest Northern Ireland had offered £983,000 towards the project, which includes part funding from the European Regional Development Fund.

"Intune Networks is a highly innovative business in the competitive telecommunications market," she said.

Tim Fritzley of Intune Networks was speaking at the announcement

"It is precisely the type of company that we wish to attract to Northern Ireland, as it brings highly-skilled jobs and spin-off opportunities, further strengthening the local knowledge base.

"Working with Invest NI, Intune Networks plans to employ up to 77 people by 2010, delivering over £2.7m annually in additional salaries."

Tim Fritzley of Intune Networks said the Belfast research and development centre would "develop key subsystems of our new product line".

"The calibre of the people recruited to date, and their wealth of experience in the design and development of large scale telecommunications software solutions, has been exceptional," he said.

"We believe that this investment will be crucial to the quality and competitiveness of our products in international markets."

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