Bell announces £2m deal for Automated Intelligence

Enterprise, Trade and Investment Minister Jonathan Bell has announced a major deal between Belfast based Automated Intelligence and a large global investment bank worth an estimated £2.1 million.

“This is Automated Intelligence’s first substantial deal within the UK financial services sector,” he said.

“Developed with the support of an Invest Northern Ireland grant for R&D, the new product, called AI.ASSURE, is set to reach over 200,000 bank staff globally.”

AI.ASSURE is designed to offer a full enterprise, risk and governance business tool to financial organisations to assist in delivering a cost effective solution.

“Signing a £2m deal with a major global investment bank can be challenging and the drive and commitment shown by this company is to be congratulated,” Mr Bell said.

“It is clear there are now greater opportunities than ever for businesses here to expand into the global marketplace.”

Simon Cole, CTO of Automated Intelligence, said the firm had “aimed high” to secure the contract.

This a great win for AI and a huge boost to our fantastic team that have worked tirelessly to make this happen.

“Our overall strategy is to grow our business through a mix of sales expansion and product innovation and we will continue to innovate and bring new and exciting products to market. This will ensure we become a global player in enterprise software and stay ahead of our competitors.