RALEIGH – Insightsoftware, a startup launched only a year ago, is off to a roaring start.
The company, which focuses on enterprise resource planning and enterprise performance management solutions, on Tuesday opened the doors to a new 32,000 square foot headquarters at the Highwoods Properties Forum complex.
Insightsoftware also is looking to hire with 40 open positions currently – largely in sales, engineering and development – as demand grows for its ERP and EPM solutions. The company already has grown to 200 employees.
The news comes a year after TA Associates, a private equity firm, acquired Global and Insight Software. The two firms were merged under the Insightsoftware name and are led by former Lexis-Nexis executive Mike Lipps.
Private equity firm acquires Raleigh-based Global Software, names former LexisNexis exec as CEO
“The last year has been an incredible journey of accelerated growth and opportunity, and Raleigh has been the perfect worldwide headquarters location to support that progress,” Lipps said in the new HQ announcement. “We believe the Triangle area is a hub of technology innovation and knowledge that rivals Silicon Valley, and insightsoftware is extremely fortunate to have access to this talent pool as we continue to expand our business and deliver more value for customers and partners around the world.”
While not disclosing specific numbers, Insightsoftware says revenue has grown 300 percent since launch.
More space was needed to accommodate a 130 percent increase in workers, the company adds.
