Barracuda FX to set up R&D operations in Macedonia

Award-winning Irish software company to set up R&D operations in Macedonia

Dublin,10 August 2015 – Barracuda FX, an award-winning Irish technology provider to the global financial markets, has today announced it is expanding its Research & Development operations into Macedonia. The company, which is a market-leading technology provider to institutions operating in the global Foreign Exchange (FX) markets, has been working closely with Invest Macedonia, the Agency for Foreign Investments and Export Promotion, to set up an office in Skopje.

The Founders of Barracuda FX, Mr. Kieran Fitzpatrick, CEO and Mr. Maurice Curran COO, have had a series of meetings in Macedonia this week, including a meeting with Mr. Vladimir Peshevski, Vice Prime Minister. Mr Fitzpatrick says “We are excited to expand our operations into Macedonia, which has a rich talent pool of technology professionals that can help us grow and develop our global business. In addition to this, Macedonia is also a very supportive environment for doing business and we look forward to a long and prosperous relationship.”

Mr. Vladimir Peshevski, Vice Prime Minister, says: On behalf of the Government, I would like to express my great satisfaction in Barracuda FX expanding its business operations into Macedonia. We believe that the excellent business climate in the country has resulted in significant expansion of the IT sector and entrance of such credible companies. This investment has confirmed the Government’s efforts for creating a favourable business climate in the country and its dedication to be a credible and reliable partner of the business community. Barracuda’s presence in Macedonia will also be a good opportunity for Macedonian technology professionals to build careers within a successful international business organisation”.

Mr. Kliment Sekerovski, Deputy CEO of Invest Macedonia comments “Having an award-winning company of Barracuda FX’s calibre extend their technology operations into Skopje is testament to the excellent environment and skills that Macedonia can offer. For technology professionals in particular, it is an excellent opportunity to expand their knowledge in a highly-skilled, global environment.“


For media queries contact Martina Doherty on +44 (0) 7951 057146 or [email protected]

About Barracuda FX

Barracuda FX is the market-leading provider of Trading and Risk Management technology to the global Foreign Exchange (FX) industry. The technology has been adopted by leading banking and corporate institutions to manage their global FX trading operations and is available for in-house deployment and as a managed service.

Founded in Ireland in 2009, the management team has combined experience of over 100 years of enterprise FX technology development. The company has consistently been awarded industry accolades such as ‘Best FX Trading Technology’ and ‘Best Order Management System’ for the world-class technology and service that it delivers.

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