RAPIDLY increasing business is prompting electronics payments specialist Ingenico Fortronic of Dunfermline to recruit more staff.
The firm today reports more-than-doubled revenue of #10m for the first half of the year, up from #4.3m. Now it is initiating expansion plans to recruit up to 50 new people for its headquarters at Dalgety Bay. The aim is to accelerate product development and expand into new markets.
Ingenico Fortronic employs 140 people in Scotland and 60 in the rest of the UK. Earlier this year
it said it planned to increase its engineering staff by over 20%
and now it will recruit more staff across the organisation.
The firm traces its history back to 1972 and its first break came in 1977 when it was contracted by Clydesdale Bank to develop and make the first automated counter terminals for its branch network.
''Our results are a clear indication of the industry leading position we have attained and we will continue to invest in the skills and people that will drive the business forwards,'' said managing director Malcolm Bushell.
This year the firm is seeing strong sales of its flagship Eclipse and Elite ranges of retail card-swiping terminals and from its partnerships with all the UK clearing banks.
Ingenico Fortronic was De La Rue's payments terminals and systems business which was acquired by the Ingenico Group early last year. The latter's core business
is in payment systems and its support has enabled Ingenico Fortronic to flourish.
De La Rue followed this disposal with the sale of its smart cards division as it decided to focus on banknote printing, cash- handling systems and special services like identity and brand protection systems.
Ingenico also has a UK manufacturing arm, ICM Fortronic, which employs 110 people up the road from Ingenico Fortronic, and makes the terminals and related equipment.
Bushell explained that applications being developed here were being marketed globally through Ingenico Group. The next stage will be the development of Internet and WAP mobile phone applications.
The Dalgety offices are being improved at a cost of #400,000 to allow for future expansion.
''We have earned a global reputation for ground-breaking transaction solutions and are fast realising our aim to become the world's largest payments solutions provider,'' said Bushell.
''The scale of our present growth, coupled with Internet and wireless network developments, presents boundless opportunities for the introduction of new secure payment applications.''
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