Singularity Announces £3.5m Expansion

Derry, Northern Ireland, 10 November 2008

Leading Business Process Management software company Singularity is investing over £3.5m ($5.5m) to expand its operations and create 112 jobs worldwide.  The investment was announced by Enterprise Minister Arlene Foster as she visited the company's headquarters in Derry, Northern Ireland.  Singularity intends to accelerate its growth in the rapidly expanding Business Process Management (BPM) market through increased research and development and expansion of its global solution delivery teams.  The company plans to invest in a series of innovations to its main BPM product and to expand its presence in the telecoms, capital markets and government sectors in the UK, US and Asia.

Padraig Canavan, Singularity's founder and CEO, said: "We compete at the highest levels internationally and consistently win.  Our ability to do that is based on constant innovation, hiring the best people and continuously focusing on what our customers want.  We have achieved a lot, but we have even greater ambitions for the future and we look forward to expanding our presence worldwide through the investment announced today."

Singularity employs over 200 staff across its offices in Londonderry, Belfast, London, New York, Singapore and Hyderabad in India and is rated in the top 10 in its software sector by the world's leading analysts. The jobs created by the investment will bring staff numbers worldwide to over 300.  Of the £3.5m to be invested, state enterprise support agency InvestNI is providing assistance of £1.28million ($2.02m).

The investment announcement comes in the same week that Singularity was honoured by the Irish Software Association with its prestigious 'Sales Achievement Award', in recognition of the company's 80% growth in the past year and a succession of recent deals in its target sectors.

1. The Department of Enterprise Trade and Investment press release on the investment can be found here: http://www.detini.gov.uk/cgi-bin/morenews?utilid=1338
2. The Irish Software Association Awards web-site is www.software.ie/awards

About Singularity:

Singularity increases the performance and agility of business processes by rapid implementation of its industry-leading Business Process Management (BPM) products.

Singularity’s mission is to populate the world with agile organizations. As the leading Business Process Agility specialist we today serve clients in over 30 countries from our offices in London, New York, Singapore, Ireland and India and through our network of partners globally. Acclaimed by leading industry experts, as the best in our field, we provide a unique combination of thought leadership and practical help that creates a new generation of successful organizations.

For further press information please contact Kathryn McDevitt at Singularity.
Email: marketing@singularity.co.uk, or telephone: + 44 28 71 267767. For more information, please visit http://www.singularitylive.com or http://www.singularity.co.uk

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