The American software developer CGM has announced it is to create 10 jobs in Waterford as part of its newly-established European subsidiary.

The US-founded CGM has bases across most of Europe, but this will be their first expansion into the UK and Ireland. The company was introduced to Ireland through the ConnectIreland programme, which encourages the diaspora to promote investment in the Irish economy.

CGM was introduced to ConnectIreland through Neil Doherty from Dublin. Doherty, who made the connection on a family holiday, is now in line to earn €15,000.

CGM Ireland will act as the latest CGM subsidiary on the continent and will be based in Arc Labs, Waterford.

According to the company, the main functions of the Irish operations will include quality assurance, testing and support development activities for CGM’s online enrolment and auditing systems.

Explaining the reasoning behind setting up in Waterford, CGM says that the city provides a strong combination of access to resources, stability of job force and technical infrastructure.

The company believes Waterford provides access to a pool of talent that can be utilised to support technical growth.

Speaking of the announcement, co-founder of CGM Ireland, Kevin Murphy, said: “CGM has been developing software in Europe for several years now and, when the need arose to open an additional centre, Ireland, and Waterford in particular, seemed the best fit for our company for technical, business, and cultural reasons. We are very excited to get started in Waterford.”

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