DERRY, Northern Ireland, Nov 11, 2008 (BUSINESS WIRE) -- Leading Business Process Management software company Singularity is investing over GBP3.5m ($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 GBP3.5m to be invested, state enterprise support agency InvestNI is providing assistance of GBP1.28million ($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.

Singularity is a global leader in Business Process Management (BPM), Workflow and Case Management Software, with over 200 staff and offices in Derry, Belfast, New York, London, Singapore and Hyderabad. Singularity's award-winning product helps organizations automate complex business processes, linking human and system activities seamlessly together to achieve business goals. Singularity also provides a range of market-specific BPM solutions to customers in the Telecommunications, Government and Capital Markets sectors.

For more information, please visit http://www.singularity.us.com or http://www.singularity.co.uk

SOURCE: Singularity