Namely, a fast-growing New York-based software company, is expanding its Austin team, with a move to larger offices and plans to add 30 workers in Central Texas.
Founded in 2012, Namely sells human resources software that helps mid-size companies streamline their HR process. The platform includes performance reviews, payroll, benefits, time management and approvals.
The company, which has 350 employees, opened an Austin office in late 2015 as part of a $30 million investment. Namely has raised a total of $157.8 million since launching.
Namely chose Austin for expansion because of its large base of innovative mid-sized companies, including tech companies, creative industries like digital media and advertising, and nonprofits, company executives said.
“I’m so proud of our Austin team and the tremendous growth we’ve seen over the past year,” said Matt Straz, Namely founder and CEO. “Austin is home to many exciting mission-driven companies, and we’re proud to give them access to the HR technology that helps them grow and attract great people in a competitive market.”
The company is moving from offices on North Lamar to downtown space at 400 W. 15th St., near the Texas Capitol. It currently has 20 employees here and plans to reach 50 over the next year.
The Austin team is focused on sales, client support and a new Namely product called Managed Services, which handles the administrative HR tasks of businesses with 15 or more employees.
Namely has grown from 150 customers three years ago to more than 800 companies with 125,000 employees globally.
The Austin hiring push is in response to Namely’s growth in the central U.S. region, the company said. From the first half of 2016 to the first half of 2017, the company said it has increased sales by nearly 200 percent in the region.
Growth is being driven in part by compliance issues -- including the Affordable Care Act, minimum wage issues and other workplace regulations -- that mid-size companies need easy-to-use tools to manage, the company said.
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