Tribold opens Cwmbran centre and promises 45 jobs
A telecoms software provider says it will create more than 45 jobs in south Wales with the opening of a research and development centre.
Tribold, whose customers include Microsoft, Sky and Vodafone, is opening the centre in Cwmbran, Torfaen.
The company said it selected the area over other global locations because of the availability of highly skilled staff and property costs.
The Welsh government has provided business finance support.
Business Minister Edwina Hart, who is opening the centre on Monday, said that Tribold was one of the first companies to benefit from the Welsh government's economic renewal programme.
Drive job creation
The renewal plan brought an end to 30 years of business grants in Wales in favour of improving the business environment by focusing on infrastructure projects and sectors with the potential to grow.
"This support has now resulted in over 45 highly skilled jobs being created in Cwmbran," said Mrs Hart.
"Tribold's decision to locate their research and development centre in Cwmbran is also a recognition of the skilled workforce available to companies in south Wales."
It is hoped the centre will help drive job creation and innovation in the region.
Chief Executive Simon Muderack said: "Tribold is hugely excited to tap into the outstanding resource pool in Wales.
"This is a major investment for Tribold that I am confident will deliver substantial returns and great products for our global customer base."