Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC) announced today that DB Global Technology, Inc. will undertake a 250-job expansion over the coming two years at its software application development center in Wake County. The company plans to invest $9 million there through the end of 2016.
DB Global Technology is a unit of Deutsche Bank AG, the Germany-based global financial services provider. Deutsche Bank [NYSE: DB], founded in Berlin in 1870, currently maintains a global workforce that exceeds 98,000. It reported sales of $47.3 billion in 2014. It established DB Global Technology in 2009 to design software to support the bank's products and services. The company's expansion will accommodate a sharpened focus on developing strategic applications and enterprise-wide technology solutions. The company currently employs more than 600 people in Wake County.
Compensation for the new positions will vary by job function, but the average annual payroll is estimated to be $21.4 million plus benefits. The average annual wage in Wake County is $50,702. New positions will include technology engineers, software developers and analysts.
"We are pleased to expand our footprint in Cary," said Leslie Slover, Head of Deutsche Bank Jacksonville and Cary, N.C. "Deutsche Bank is proud of the work we are accomplishing in Cary and we will continue to strategically invest in the region and build upon our investment in the community."
Several partners joined N.C. Commerce and the EDPNC in supporting DB Global Technology's expansion. They include the North Carolina Community College System, the Cary Chamber of Commerce, the Town of Cary and Wake County Economic Development.
Read the full press release via the Governor's office here.