SD Worx will create a new Technology Centre of Excellence, which will host a R&D Technology and IT Support Centre, at its base in Renfrew. The company,
which currently started out with 70 employees in Scotland, has experienced sharp growth and currently employs 300 from its Glasgow operations.
The project is supported by a RSA grant of �1.1million from Scottish Development International (SDI).
The First Minister met representatives from SD Worx in New York as part of his Scotland Week programme of business and trade meetings designed to boost investment and employment in Scotland.
Welcoming the announcement, Mr Salmond said:
Financial services remains at the heart of Scotland's economy. SD Worx is a world-renowned financial services company that plays a key role in the Scottish financial services sector.
SD Worx already employ hundreds of people in Scotland and this project will now bring the total company headcount to 400 in Scotland. I am delighted that SD Worx are continuing to invest in Scotland, they are one of the 580 US owned companies in Scotland, employing almost 100,000 people altogether.
Scotland has been recognised as the place for foreign direct investment. The 2013 Ernst & Young Attractiveness Survey described Scotland's performance as in attracting inward investment as 'sparkling' and I am delighted to evidence of this in action.
These figures are continuing to rise and I have no doubt that Scotland is a country where people want to, and are continuing to, invest this year and for years to come.
Stuart Harvey, CEO and President of SD Worx Corporation said:
We are proud of our association with Scotland and of the quality of our colleagues there. We are looking forward to our next phase of growth and investments to support that growth.
Doug Sawers, Managing Director, SD Worx UK & Ireland said:
Our association with Scotland has been a long and successful one. We are looking forward to deepening further our technology capability in the UK, and to support our customers with further technology enhancements that will come from this.
Chief Executive Officer of Scottish Enterprise, Lena Wilson, said:
The SD Worx decision to invest in its Renfrew facility and expand its capabilities further is a strong demonstration of the confidence that the management team has in its Scottish operations.
The company's investment in an R&D Technology Centre makes it exactly the kind of company we need to see more of in Scotland. Supporting innovative companies, whether they're home-grown or global, is vital to the future of Scotland's economy.
This is a fantastic jobs boost to Renfrewshire and we look forward to continuing our work with SD Worx to help further realise its ambitious growth plans in Scotland.
The growth of SD Worx is fuelled by a fully integrated HR solution and its reputation for high-quality services in HR and managed payroll to UK corporate. This latest investment will support future growth by enabling the company to increase its technology development skills from the Scottish base.