A TECHNOLOGY business founded a decade ago by five former Pace engineers is expanding into a landmark building in Shipley.

Red Embedded, which specialises in developing high volume digital consumer products such as set top boxes, desktop and handheld videophones as well as pioneering tele-health technology, has bought 10,000 sq ft office premises on Otley Road - known as The Wave due to its curving full height glass frontage - for nearly £900,000

The privately owned company will be relocating in January from the Waterfront building in Saltaire where it has operated for about five years. The expansion will create around 15 new jobs for highly skilled professionals.

Bill Hoath, one of the founding directors, said Red Embedded had seen steady growth since launching near the University of Bradford in 2003 and now employs 60 full time staff and up to 15 contractors .

He said finding suitable people- mostly with second degrees or Phds - would not be easy but they were needed to enable the firm to compete .

" We need the best people in the world as we are an international business. We need to recruit internationally and between 15 and 20 per cent of our staff come from outside the UK and bring a wide range of expertise. It will not be easy to find the right people but we have the opportunities as the business continues to grow," said Bill.

Red Embedded has clients in Europe and the United States, as well as the UK and also has a US office. The company's turnover is now around

£5 million.

It is working with Airedale Hospital to pioneer tele-health video technology enabling people with chronic conditions and dialysis patients maintain contact with medical staff, with the aim of reducing the number of hospital admissions.

The Wave sale was completed by agents Fox Lloyd Jones. Director Paul Fox said it was another positive message about the appetite for investment in the local commercial property market and a boost for Shipley .

Meanwhile, the former Bingley Foundries site on Ireland Street has been auctioned by Eddisons for £100,000. It has expired planning consent for the demolition of the foundry buildings and the construction of nine new homes .

Eddisons also sold a commercial investment in Towngate, Wyke. for £124,000 and the former Farrow Medical Centre on Otley Road, Bradford, for £130,000.

During 2014 it held 19 auctions, selling sold 75 per cent and generating total revenue of around £58 million.

Auctioneer Robert Limbert said said it was an impressive figure against an uncertain economic backdrop.