DB Global Technology, Inc., which provides software application development and maintenance services in support of Deutsche Bank AG (DBAG), will expand its software development center in Wake County. The company plans to create 431 new jobs in North Carolina by the end of 2016 and invest over $13.5 million in its Cary location.
DB Global Technology, Inc. produces software applications for financial instrument trading, order management and transaction processing, algorithmic trading, risk calculation and web-based front-end applications for Deutsche Bank AG. The company was created in 2009 in North Carolina to increase efficiencies in development and maintenance of the bank’s software developments.
”North Carolina, Wake County and the Town of Cary have proven to be an exceptional source of talent for our company, as well as strong partners in growth and opportunity. We are very excited to be growing in North Carolina and looking forward to continued success in hiring exceptional technical talent and providing world class software to our client,” said John Eagleson, Chief Operating Officer for DB Global Technology, Inc.
DB Global Technology, Inc. which currently employs 250 people in Cary, is expanding its Wake County operations to focus on strategic application development work and the development of technology solutions. As the investment banking sector becomes increasing reliant on technology, DB Global Technology, Inc. expects demands for its services to grow.
Compensation for the new positions will vary by job function, but the average annual payroll is estimated to be $38 million plus benefits. The average annual wage in Wake County is $48,024.
The project was made possible in part by an award to DB Global Technology, Inc. from the state Job Development Investment Grant (JDIG) program, as voted by the state Economic Investment Committee. Receipt of the award is based on proof of job creation and other performance requirements. JDIGs are awarded only to new and expanding businesses and industrial projects whose benefits exceed the costs to the state, and which would not be undertaken in North Carolina without the grant.
The Greater Raleigh Chamber of Commerce’s Work in the Triangle talent initiative has been and is actively engaged with DB Global Technologies to assist them in finding and attracting talent to fill the 431 jobs.
Other partners who assisted with this announcement include: The N.C. Department of Commerce, N.C. Community Colleges, Wake County Economic Development, Town of Cary and the Cary Chamber of Commerce.
For more information about DB Global Technology, Inc., including job opportunities, visit www.db.com/careers.
If you have local questions, please contact Sandy Jordan, Vice President for Economic Development, Cary Chamber of Commerce, at (919) 319-4281, or email firstname.lastname@example.org.