The cash injection follows a previous investment of £3 million from the same source in January last year, and will be used to support AIM-quoted First Derivatives in market research and product development.

The company’s chief executive Brian Conlon comments, ‘The investment will ensure that our software portfolio continues to expand globally and, will enable the acceleration of research and development as we aim to improve our offering to our customers.’

County Down-based First Derivatives has operations in Europe, Asia and North America. It provides specialist software and consulting services to the capital markets technology sector.

Invest NI is supported by the European Regional Development Fund.