Finance Minister Mervyn Storey MLA today announced a £1.4million investment by Sixty-5 Technologies, which aims to create 23 new jobs with the support of Invest Northern Ireland.
Belfast based agricultural software business, Sixty-5, is a spin out from Progressive Agriculture Solutions and a graduate of Invest NI’s Propel programme.
Making the announcement during a visit to the company, Mervyn Storey said: “The creation of 23 high quality jobs is excellent news for the local economy and will generate an additional £792,000 in annual salaries. The total investment of £1.4million is a significant investment by this small company and a real commitment to furthering its growth.”
In a climate of increasing pressures on the agricultural industry, the company has developed a cloud based platform which uses GPS to help farmers boost their productivity and optimise efficiency.
The Minister continued “Sixty-5’s approach to innovation to address a gap in the market will ensure the company is continuing Northern Ireland's rich heritage of agricultural innovation. It also represents an investment in satellite enabled technology which is an area that can create significant business opportunities.”
The investment is being supported by Invest NI, which has offered the company £180,000 of assistance towards 23 new jobs and marketing assistance.
John Arrell, CEO of Sixty-5 Technologies said: “Over the next three years, we are aiming to substantially increase both turnover and export sales through developing new products and services and growing our technological capability.
“Our long term goal is to accelerate sustainable agriculture through the provision of GPS, to ensure the farming industry optimises the best use of its land. Essentially, farmers need technology to be easy to use and we believe that the data should be there to support them for greater farm profitability.
“Our new technology has already been very well received in the industry and with Invest NI’s support we aim to strengthen our team and bring our ideas to the global marketplace to generate substantial export sales.”
Notes to editors:
Media enquiries should be addressed to the Department of Finance and Personnel Communications Office on Tel: 028 9081 6724 or Tel: 028 9081 6895. Out of Office hours please contact the Duty Press Officer via pager number 07699 715 440 and your call will be returned.
- Reappointment of Utility Regulator Board members 23 October 2020
- Murphy welcomes Civil Partnership conversions 22 October 2020
- Murphy welcomes changes to Job Support Scheme 22 October 2020
- Murphy responds to Treasury Spending Review announcement 21 October 2020