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

Top Local Business Stories of the Week

MILITARY TECH General says new tech center in Austin will keep U.S. Army relevant: The U.S. Army’s new technology center in Austin, named its Futures Command, is necessary for the military branch to remain “the best army in the world,” Army Lt. Gen. Eric Wesley said this past week. Wesley, who was in Austin with a team of Army officials...
Austin-area apartment rents hit record high
Austin-area apartment rents hit record high

For a couple of years, apartment dwellers in the Austin-area got a bit of a break from sharply rising rents amid a surge of new supply and somewhat slower job growth. But the respite is proving to be short-lived, experts say. Job growth has gained momentum, leasing has picked up steam and the Central Texas apartment market is once again on the rise...
Area jobless rate at 3.2% amid hot economy; average wages slow to rise
Area jobless rate at 3.2% amid hot economy; average wages slow to rise

A trend of near 20-year lows in the Austin metro area’s monthly unemployment rate continued in June, although by some measures the tight labor market has yet to fuel gains in average wages for workers. The local jobless rate registered 3.2 percent last month, according to the Texas Workforce Commission, the lowest nonseasonally adjusted rate...
Man fired after encounter with 'racist' customer. After sharing his story, Home Depot offers job back.
Man fired after encounter with 'racist' customer. After sharing his story, Home Depot offers job back.

After a man last Thursday approached the checkout at a Home Depot in Albany, New York, staff member Maurice Rucker asked him to leash his dog. That's when the man exploded. » RELATED: Atlanta's Home Depot growing in various ways, but not new stores Rucker, a 60-year-old black man, claimed he was fired Tuesday after defending himself from...
Colton House luxury hotel planned for South Congress Avenue
Colton House luxury hotel planned for South Congress Avenue

Austin’s hotel boom shows no signs of letting up. The latest example: Developers have started work on an 80-room luxury hotel in South Austin. The Colton House is going up at 2510 S. Congress Ave., near West Oltorf Street. The site had previously been occupied by the Taste of China Express restaurant. It’s set to debut in fall 2019. Inherit...
More Stories