Friday, 17 February 2012
Skilled IT professionals in Edinburgh are being offered a range of recruitment opportunities with Swiss firm Avaloq Innovation, after it opened a new development centre in the city.
The new centre will ultimately create around 500 jobs, with plans to take on 400 software engineers in the first four years, growing to around 500 after seven years. Around 75 of the positions being recruited for in the first year will be graduate trainee roles.
The centre was opened this week by Scottish Finance Secretary, John Swinney, who said it was a huge win Edinburgh to be chosen as the location for Avaloq’s first base outside of Switzerland.
He said, “Avaloq have chosen to locate their new software development centre in Edinburgh and to recruit 75 graduates from our universities, which is testament to the high quality of Scottish education and enhances the strength of the city's international reputation for finance and IT services.”
The development has been supported by a Training Plus Grant of £1.74 million from Scottish Enterprise. The software industry in Scotland currently generates more than £5 billion in annual revenues and is being aided by the country’s growing stature as a leading European financial centre.