N.Y. software firm Namely expanding into Austin


Namely Inc., a fast-growing New York-based software company, is opening an Austin office as part of a new $30 million investment.

Founded in 2012, Namely sells human resources software for companies between 40 and 3,000 employees. Its platform helps mid-size companies streamline their HR process, including employee management, performance reviews, payroll, benefits, workflow management and approvals.

Austin was chosen for a sales office because of its large base of innovative mid-sized companies, said Michael Townsend, Namely regional vice president of sales.

“This is a perfect market for us because a large percentage of our customers are tech companies, and we also have a lot of customers in creative industries like digital media and advertising, as well as non-profits,” Townsend said. “Austin really hits all three of those areas.”

Townsend plans to add up to 30 employees at Namely’s office in the Arboretum at Great Hills area. The company is currently hiring in areas including pre-sales, sales and customer support.

Namely, which has 250 employees nationwide, is also adding workers at its New York and San Francisco operations.

Although the Austin office will initially be focused on sales, the company plans to fill other positions here as well.

“We feel Austin is a very talent-rich environment, which is why we chose it for our third office after New York and San Francisco,” Townsend said. “We can fill a job in marketing here just as well here as we can in one of those locations.”

Namely received the new funding from investors including Sequoia, Matrix Partners and Greenspring Associates. It has raised a total of $107.8 million since inception.

In addition to expanding its workforce, the company will invest in product development, including expanding functions to allow companies to manage employee data across all their HR and finance systems.

The company has grown from 150 customers two years ago to more than 400 companies with more than 60,000 employees.

Growth is being driven by the Affordable Care act and other compliance issues that mid-size companies need easy-to-use tools to manage, said Matt Straz, founder and CEO of Namely.

“The amount of regulatory complexity facing HR has grown tremendously in the last year, and we expect that trend to continue in 2016,” Straz said. “At Namely, we make it much easier for HR leaders to manage compliance, so they can spend their time on strategy, engagement and developing people.”


Reader Comments ...


Next Up in Business

Austin-area home sales, prices hit record highs in 2017
Austin-area home sales, prices hit record highs in 2017

Last year was another record-breaker for Central Texas’ housing market, the newest numbers show. And some local real estate agents and housing market experts predict 2018 will look a lot like 2017, with the market staying strong yet concerns about affordability lingering as prices continue their anticipated climb. The Austin Board of Realtors...
Austin-area home sales, prices surge to record highs in 2017
Austin-area home sales, prices surge to record highs in 2017

Last year was another record-breaker for Central Texas’ housing market, the latest numbers show. And some local real estate agents and housing market experts predict 2018 will look a lot like 2017, with the market staying strong even as concerns about affordability linger as prices continue to climb. The Austin Board of Realtors said Thursday...
Gold’s Gym ending 24-hour operations at 4 Austin-area locations
Gold’s Gym ending 24-hour operations at 4 Austin-area locations

Better squeeze in those late-night workouts while you can. Four Central Texas Gold’s Gym locations that are currently open 24 hours will scale back their operating hours starting next month, the chain confirmed Thursday. The affected gyms are: 9101 Research Blvd., Austin 4404 W. William Cannon Drive, Austin ...
Companies turn your Facebook friends into a sales force
Companies turn your Facebook friends into a sales force

Betsy Stover was 17 when her mother asked her to help fax strangers, hawking a service that had the markings of a pyramid scheme. “I always felt like a creep sending unsolicited faxes,” said Stover, who hated the chore, but knew the work required cold calls to succeed. Stover, now a 38-year-old comedian based in Los Angeles, had largely...
Best gifts for the home chef
Best gifts for the home chef

There are all sorts of new gizmos for people whose relationship with food comes in all forms. Here are four of our favorite new devices for the cook and the kitchen. ——— Amazon Dash Wand Product Review: https://www.cnet.com/products/amazon-dash-wand-with-alexa-2017/review/#ftag=CAD187281f CNET rating: 4.0 stars out of 5 (Excellent)...
More Stories