Evalueserve, a company that provides custom professional research and analytics services, will invest more than $5.9 million to establish a U.S. Center of Excellence in Wake County, North Carolina, with plans to create 400 jobs by the end of 2017.
The firm plans to open a data analytics and big data science center, with a focus on financial services research and analytics. The range of solutions will include traditional research support such as; risk modeling, equity and fixed income research, and investment banking support, as well as emerging services such as media mix optimization, digital attribution, and performance analytics.
Dr. Alok Aggarwal, Chairman and Marc Vollenweider, CEO said that this move further strengthens Evalueserve’s strategic positioning as a truly global knowledge partner. “Building our presence in the U.S. is integral to our growth strategy, especially as we strive to forge deeper and more strategic relationships with our clients,” said Vollenweider. “We are extremely pleased to begin our partnership with the North Carolina Department of Commerce and to partner with them on this critical initiative.”
“Evalueserve has found a perfect fit for its Center of Excellence right here in North Carolina,” said Gov. Pat McCrory. “The research and analytics jobs that they’ll create will strengthen our hi-tech hub and be an example to others of the strong talent pool and attractive quality of life that characterizes Wake County, the Research Triangle and the state.”
“We are committed to creating new jobs in North Carolina, and we welcome these new, high-skilled jobs to Wake County,” said Sharon Decker, North Carolina Secretary of Commerce. “We know that Evalueserve will find the qualified talent it needs to succeed and expand its presence in the U.S.”
The project was made possible in part by an award to Evalueserve from the state Job Development Investment Grant program, as voted by the state Economic Investment Committee. Receipt of the award is based on proof of job creation and other performance requirements.
Under the terms of the company’s JDIG award, Evalueserve is eligible to receive up to ten annual grants equal to 35 percent of the state personal income tax withholdings from the eligible new jobs created since the date of the initial award. Receipt of each annual grant is based on state-certified proof that the company has fulfilled incremental job creation requirements. Over ten years, the JDIG award could yield aggregate benefits to Evalueserve of up to $2,925,750.