TyraTech, a Florida company that develops pesticides and products to fight internal parasites, is relocating its headquarters to Morrisville.

The move will bring 105 jobs to Wake County. Some of those positions are expected to be filled by existing employees moving from Florida.

In a release, the company cited the Triangle's high-quality universities, particularly N.C. State University's programs in entomology and veterinary sciences, as the main reason for the move.

TyraTech is a public company whose shares trade on the London Stock Exchange. The company is relocating to the Triangle from Melbourne, Fla.

TyraTech develops its own products and partners with other companies. In October, the company announced a seven-year agreement to supply products to the pest control company Terminix.