ITRS Group marked the opening of its new R&D facility in Malaga's Andalusian Technology Park (PTA) yesterday. The event was attended by representatives of the PTA, Malaga University – both of which ITRS will look to collaborate with in future – and the Mayor of Malaga. The new centre is a key milestone in ITRS' strategy to grow the business, becoming the third R&D space for the company alongside centres in Manila and London.

ITRS supplies crucial analytics and monitoring technology to many of the largest financial institutions around the world and is investing in R&D to continue its product development. Malaga’s position as a hub for technological excellence has seen a host of bright, talented technologists apply to join ITRS’ already considerable global R&D team.

“To grow and develop our product offerings we need to be able to tap into the best technology brains in the industry. This is what Malaga offers. We’re in the middle of Spain’s Silicon Valley, with Oracle, IBM, and Ericsson as our neighbours,” said Guy Warren, CEO, ITRS. “We will also be making the most of the incredible network of technological expertise we have on our doorstep. We’ve got some exciting plans for 2015 and we will be joining forces with the local universities to further support our product developments.”

ITRS’ new premises are in the North Building of the Andalusian Technology Park. In 2014, the Park housed more than 15,000 workers across 620 businesses, including a variety of big technology players. The PTA has strong connections with the local University and offers opportunities for graduates to start or continue their careers at the park.

José Luis Ruiz Espejo, president of the PTA, added: “Adding another international business to our company portfolio reinforces our status as a global R&D centre. We’re always looking to attract the best talent and names to our technopolis. The arrival of ITRS brings Malaga closer to the world and the world closer to Malaga.”