New Zealand, November 7, 2014: Telogis, a cloud-based location intelligence software platform provider recently opened a new research and development headquarters in Christchurch. The company has also started off a recruitment drive to double the human resource at its subsidiary. It currently has 150 employees at its Christchurch research and development hub and had delayed for more than a year plans to double that number because of a shortage of space in its previous location.
The doubling of staff in Christchurch is part of a wider acceleration in the private company’s growth following its first ever outside capital injection last year, US$93 million from US venture capital firm Kleiner Perkins.
Following the Christchurch earthquakes, the company considered shifting the R&D hub – one of three offices it has – to other sites including Auckland and Sydney. But Mason and a timely grant from Callaghan Innovation convinced the board to stay.
While A Nasdaq listing is on the cards, the company is yet to decide on the date. In the past two months it has received investment from GM Ventures, the venture capital arm of General Motors, and Fontanalis Partners, a strategic investment firm founded by Bill Ford Jr. The amounts of these investments were not disclosed.