Equiniti Group PLC, a FTSE-listed FinTech and regulatory services business, announced the opening of its latest regional technology hub — Ada House.
According to Finextra, the new hub is located in Exeter’s Pynes Hill business park and expands the company’s footprint in the South West and Wales, with more than 200 employees currently based in Bristol, Cardiff, Exeter and Stroud.
Equiniti’s investment supports the South West Growth Charter, which promotes greater investment and infrastructure in the region. It follows the acquisition of long-standing Exeter business, Marketing Source, in January 2017 and the establishment of a centre of excellence for estate and probate administration, following a contract win with Lloyds Banking Group in November 2016.
“This is a fantastic opportunity for Equiniti and for the South West region,” said Guy Wakeley, CEO of Equiniti. “It is Equiniti’s ambition to grow its presence in Exeter, serving some of the U.K.’s largest financial services organizations from this regional hub and attracting tech talent to continue our development of ground-breaking technology. The centre will provide jobs and investment for the future with facilities for training, mentoring and development, including for graduates of universities in Devon.”
The new center — named after Ada Lovelace, who is considered to be the first computer programmer — was officially opened in a ceremony by Sir Hugo Swire, Conservative candidate for East Devon.
“It was a pleasure to open Equiniti’s new centre in Exeter’s Pynes Hill Business Park today,” said Sir Swire. “Exeter is the fastest-growing city in the country, and Equiniti is just the sort of company that is finding this an exciting area in which to do business and expand. I hope they have a long and successful relationship with the area and beyond.”