An American company that specialises in producing performance management software has become the latest to make the move to Tech City.
Virtual Instruments will occupy London office space on Rivington Street having received funding from its venture capitalists. The office will officially open in the next few weeks and will act as a base for 20 of the company’s software developers. These developers will work on the creation of fresh products, whilst updating older offerings.
The company has revealed that it will also add a further 10 staff members to its development team at the building by the end of next year (2013).
In a statement Mayor of London, Boris Johnson, hailed the addition of another technology firm to the East London area, which is fast becoming a very attractive option for major companies.
Mr Johnson said: “I am pleased to welcome Virtual Instruments into Tech City, recognising the talent pool of engineers London is able to provide through its universities and dynamic cluster of tech firms.
“The arrival of another fast-growth company not only generates important new jobs for the city, but underlines London’s position as a global leader in this sector,” he concluded.
Meanwhile, chief technology officer at Virtual Instruments, Skip Bacon, told Computer Weekly: “London has the best people, best availability, best local support, fewest concerns about IP laws and fewest concerns about labour laws. It was just a great balance overall and we are really very excited about it.”
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