RALEIGH, NC -- DB Global Technology, Inc., announced Tuesday morning, it plans to invest $9 million and create 250 jobs to expand its software application development center in Wake County through the end of 2016.

“North Carolina and DB Global Technology both enjoy rich legacies when it comes to innovation in banking and technology,” said Governor McCrory. “Our IT talent, competitive costs, great quality of life and convenient proximity by air to New York City will continue to help foster the growth and success of pioneering businesses like DB Global.”

Compensation for the new positions will vary by job function, but the average annual payroll is estimated to be $21.4 million plus benefits. The average annual wage in Wake County is $50,702. New positions will include technology engineers, software developers and analysts.

We are pleased to expand our footprint in Cary,” said Leslie Slover, Head of Deutsche Bank Jacksonville and Cary, N.C. “Deutsche Bank is proud of the work we are accomplishing in Cary and we will continue to strategically invest in the region and build upon our investment in the community.”

Under the terms of the company’s JDIG, DB Global Technology is eligible to receive up to twelve annual reimbursements equal to 35 percent of the state personal income tax withholdings from the eligible new jobs created. Receipt of each annual reimbursement is based on state-certified proof that the company has fulfilled incremental job creation requirements. Over twelve years, the JDIG could yield aggregate benefits to DB Global Technology, Inc. of $3.38 million upon the creation of 250 jobs.

The company -- a unit of Deutsche Bank AG -- employs more than 600 in Wake County.