The year of rapid growth continues for Hoffman Estates software firm Vistex.
The Chicago-based company rocketed into 2019 with a $105 million funding round and plans to add 300 jobs over the next two years. They followed that up today, announcing that the company has leased a new, 8,000 square foot office in downtown Chicago with plans to hire 50 people for the branch. Not bad for an encore.
We’re ahead of schedule and aggressively trying to attract talent and grow our team.”
The expansion came faster than even Vistex CEO and founder Sanjay Shah and the company had anticipated. The company plans to open the new office in about two weeks.
“We’re putting our new investment to work faster than we anticipated,” Shah told Built In. “We’re ahead of schedule and aggressively trying to attract talent and grow our team.”
Founded in 1999, Vistex builds enterprise software for designing, managing and administering go-to market programs. The company started at a time when Chicago was not well known as a technology market. Since then, the company has grown into a global player, with 1,500 employees and 20 offices.
The office expansion allows the company to double-down on the Chicago tech scene, and follow through on its stated commitment to expanding in the market. Shah said staying in Chicago allows the company to attract talent and play a role in growing the Chicago tech scene.
“With the opening of a downtown office, Vistex joins other Chicago-based technology companies in attracting key talent and making our city a formidable force within the tech space,” Shah also said in a statement.
The company plans to hire about 50 people for the Chicago office to start, primarily in engineering, marketing and sales.