A Caerphilly company is creating 80 new jobs after a £500,000 investment from the Welsh Government.
INCOPRO specialises in brand protection by tracking and removing counterfeit products from the internet. Its clients range from luxury goods companies to consumer product businesses.
The company is expanding into offices at Britannia House in Caerphilly.
2.5% of world trade is counterfeited and predictions suggesting the global economic value of counterfeiting could reach $2.3 trillion by 2022.
Announcing INCOPRO’s expansion plans at a Wales Centre for Public Policy ‘The Future of Work in Wales’ report launch at Cardiff University later today, First Minister Carwyn Jones will say:
As we conduct more of our everyday lives online, it is vital we have the systems to protect us from a new wave of criminals. The services companies like INCOPRO provide are invaluable, both to the World economy and to the interests of the individual.
CEO Simon Baggs said:
We are committed to making the Internet a better place for businesses to prosper. A key element in achieving this is to cut out the sale of unlawful products and content. We are delighted to have secured Welsh Government support to further our mission and to deliver jobs and innovation in Wales.