Wavteq Ltd, Hong Kong, is setting up a subsidiary in Belfast, creating five jobs. The company is one of the world’s fastest-growing foreign direct-investment technology and consulting organisations, with 50 experts in a range of professions providing business development, consultancy and lead-generation services to economic development organisations world-wide.
The company uses a proprietary database technology product known as ICA Incentives, which monitors government ‘incentive transaction activity’ across the globe in real time.
Wavteq Ltd (NI) will be a centre of excellence, housing the ICA Incentives research team and providing administration and research support to the Wavteq Group.
Invest Northern Investment has offered Wavteq support towards its business development activities.
Oonagh Hinds, manager of Invest NI’s regional business team (pictured right with Nerys Coleman, manager of WAVTEQ NI), said: “There are some 10,000 economic promotion agencies world-wide; this provides a huge global market for Wavteq’s technology products, data and consulting services. Wavteq NI will be a strategic centre for the group and is expected to grow over time to become its largest office.”