Equiniti Group has opened its latest regional technology hub, Ada House, in Exeter’s Pynes Hill business park.

The opening expands Equiniti’s footprint in the South West and Wales, with over 200 employees currently based in Bristol, Cardiff, Exeter and Stroud.

Equiniti’s investment supports the South West Growth Charter, which calls for greater investment and infrastructure in the region, and will be a platform for future growth. It follows the acquisition of long-standing Exeter business, Marketing Source, in January 2017 and the establishment of a ‘centre of excellence for estate and probate administration’, following a contract win with Lloyds Banking Group in November 2016.

The centre is named after Ada Lovelace, who was widely considered to be the first computer programmer, following her work on Charles Babbage’s ‘Analytical Engine’ in the 1830s, for which she is accredited with the first-published computer algorithm.

Ada Lovelace Day is celebrated every October, to raise the profile of women in science, technology, engineering and maths.

Guy Wakeley, CEO of Equiniti, said: “This is a fantastic opportunity for Equiniti and for the South West region. It is Equiniti’s ambition to grow its presence in Exeter, serving some of the UK’s largest financial services organisations from this regional hub and attracting tech talent to continue our development of ground-breaking technology.

“The centre will provide jobs and investment for the future with facilities for training, mentoring and development, including for graduates of universities in Devon.”