ENCOMPASS Corporation, provider of industry-leading visual information management technology to the insolvency and restructuring sector, is to invest more than £2.2 million opening a new office in Glasgow’s financial services district, creating 21 new jobs.
The investment is being supported by Scottish Enterprise through a regional selective assistance grant worth up to £357,000.
This is the first head office operation Encompass has established outside its home market of Australia, and marks the start of a planned period of expansion for the company across the UK and other international markets, including the US.
In line with this, Encompass is relocating members of its senior management team to the new Glasgow office.
The move further establishes Glasgow as a leading technology hub after it won a £24m future cities grant from the UK Government in 2012.
The cash will be spent on prototype technology projects and developing Glasgow’s goal of being among the world’s foremost smart cities.
It’s a perfect fit for Encompass, whose technology enables professionals to simultaneously access, analyse and visualise multiple sources of information to instantly understand company structures and asset ownership, in order to make better, faster commercial decisions.
Alex Ford, head of marketing for Encompass, who will relocate from Sydney to the new Glasgow office, said: “We recognise Glasgow as a city focused on achieving its key objective to become a tech hub and smart city. We plan to use the grant to bring in highly skilled staff from the rich local talent pool and take advantage of the city’s strong culture of innovation and cutting-edge research and development and capitalise on new commercial opportunities.”
International sector head for financial services at Scottish Enterprise, Sharon Hamilton, said: “Encompass’ decision to set up its first UK and international base in Scotland is testament to our strong financial services sector and reputation for world-class research and development and technological innovation.
“Scotland is already home to a number of world-leading companies servicing financial markets, and our high performing, innovative and productive sector makes it the perfect location for Encompass to base its international operations.”
Deputy First Minister John Swinney said: “Only last week the EY Attractiveness Survey showed that Scotland consistently outperforms all parts of the UK, outside of London, in attracting more foreign direct investment projects. “Encompass’ decision to choose Scotland as the base for its European operations is fantastic news.
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