RALEIGH – A financial technology firm plans to expand its operations in Wake County, adding 250 jobs over the next four years, officials said Tuesday.
Ipreo US LLC plans to invest $2.1 million in the expansion.
“Over the past five years, Ipreo’s operations in North Carolina have become an important element of our global business,” O’Hara Macken, executive vice president of global infrastructure and head of Ipreo’s North Carolina operations, said in a statement. “This region offers a talented and innovative workforce, a strong university system and a collaborative business environment. We are pleased to be an active and engaged member of this community and are committed to continued growth here.”
Ipreo provides technology, data and analytics to support banks, investors, public and private companies and asset management and wealth management firms. The North Carolina operations, which account for one-third of the company’s workforce, focuses on financial software, capital markets intelligence and real-time data and analysis products.
The average salary for the new positions will be $66,270, officials said.
Ipreo’s expansion qualified for a Job Development Investment Grant of up to $2.1 million in state withholding tax rebates from the new positions over 12 years if the company meets annual hiring and investment targets.
