ITRS to take advantage of ‘Malaga Valley’s’ tech reputation to expand product development
ITRS Group is set to open a new R&D facility in Malaga’s Andalusian Technology Park in Spring 2015. The new location follows a period of sustained global growth for ITRS, which recently opened a Singapore office in addition to its London, Hong Kong and New York operations, and existing R&D centres in Manila and London.
ITRS supplies crucial analytics and monitoring technology to many of the largest financial institutions around the world and is investing in R&D to continue its product development. Malaga’s reputation as a European technological excellence hub will attract bright, talented technologists to add to ITRS’ already considerable global R&D team.
‘It’s been less than a year since we opened up in Singapore, but we’re already at the stage where we need another location thanks to our rapid expansion – this time in research and development,’ explains Guy Warren, CEO, ITRS. ‘Malaga was the perfect choice for us – it’s well-connected to the rest of Europe and the World, and has a wealth of tech talent. It will be the perfect complement to our existing R&D teams in London and Manila.’
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‘The arrival of ITRS endorses the Park’s efforts to bring international companies to Malaga’, comments Mr Ruiz Espejo, President of the Andalusian Technology Park. The park hosts a variety of big technology players such as Oracle, IBM, Accenture and Riplife, and works closely with Spanish universities to offer opportunities to talented graduates and experienced individuals. Coupled with Malaga’s accessible location, ITRS’s new centre will be ideal for intelligent, dynamic individuals (PhD or similarly educated) to start or continue their careers.
‘We are delighted to know that a leading big data analytics company like ITRS Group has chosen Malaga and the Malaga Valley ecosystem to open their new R&D. We look forward to starting a new relationship and growing together,’ adds Marc Sanderson, Director of International Economic Development, City of Malaga, Spain.
‘Even before we set up here, the 620 companies already established have invested more than €740 million in infrastructure and R&D,’ says Justo Ruiz-Ferrer, CTO, ITRS. ‘So it’s perfect for us at ITRS, and an ideal place for data and computer scientists and software engineers to develop a career in real-time big data analytics, distributed systems and advanced visualisation. We’ve got some exciting new things on the horizon, and soon a dynamic new R&D facility and team to bring them to fruition.’