A Northern Irish tech firm has secured up to $100 million (£78m) in credit from HSBC to meet demand from buyers in Silicon Valley.

Banbridge-based EOS IT Holdings has received a guarantee from UK Export Finance to access the funding from an HSBC UK Standby Letter of Credit facility.

The firm sells audio-visual and video-conferencing technology as well as related design, installation and support services. It manages a network of international subsidiaries from its headquarters in County Down.

EOS expects to invest in more equipment and create up to 100 jobs in Northern Ireland over the next two years as part of its growth plans.

UKEF is the UK’s government export credit agency, helping businesses across Great Britain and Northern Ireland to access finance and insurance to win, deliver and ensure payment for export contracts.

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“As a specialist supplier of conferencing technology to global brands, EOS is a Northern Irish business at the forefront of a growth industry,” said Elizabeth McCrory MBE, UKEF Export Finance Manager for Northern Ireland. 

“I’m proud to see how UK Export Finance is helping owners and entrepreneurs reap the benefits of international trade.”

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