Financial services company International Financial Data Services (IFDS) has bought Percana Group for an undisclosed sum.

The company, which is a joint venture between State Street Corporation and DST Systems, acquired an initial interest in Percana in 2008.

Percana provides outsourcing services and software to the global life and pensions industry and employs more than 250 people at its Dublin headquarters. It signed up a major new client, Pearl Group, in January.

A spokesman for Percana said it would be “business as usual” for staff. The company intends to continue its recruitment plans, and will add 20 jobs before the end of 2010. It has already recruited 60 new staff this year.