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Area Development - Site Selection, Facility Planning and Workforce Development

NY Software Firm to Establish New Operations in New Jersey

01/26/2012
NYC-based Vitech Systems Group Inc. has announced an expansion project establishing a new location in the Iselin area of Woodbridge, NJ. The insurance and benefit software firm expects to staff the operations with 50 employees from its New York City headquarters and 50 employees from New Jersey's workforce. Plans call for the firm to move into a 20,000-sq.-ft. office this spring.

Vitech is the world's leading provider of administration software for benefit and investment organizations. It offers proprietary software as well as solution design, implementation and ongoing support services.

"We have a lot of exciting new opportunities, including some new markets for our software products, and we're on a steady growth path," said spokeswoman Karen Stevenson. "We definitely needed to expand our team." She explained that Iselin was selected due to its convenient transportation access and access to New Jersey's technology talent pool.

According to Lt. Gov. Kim Guadagno, Vitech will receive a job-performance-based $1.35 million Business Employment Incentive Program grant over a 10-year period.

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