Yodle, an online marketing firm, has made a significant investment to move into 100,000 square feet of leased space in Austin, Texas, with plans to hire more than 350 additional employees.
Located at Plaza 35 12234B North IH 35, its new office will accommodate Yodle's 375 current Austin employees, previously spread across three separate locations. The firm said its new facility will provide room for significant expansion, with plans to increase its staff to more than 750 employees over the next five years.
While an estimate on the firm's expansion investment was not disclosed, Yodle Chief Executive Officer Court Cunningham said: "Yodle's operations in Austin have already grown significantly over the last year. We've chosen to accelerate our expansion in Austin because of the deep talent pool, innovative culture, and ideal economic environment that the city offers. Making this investment in Austin will further enable Yodle to put itself at the forefront of the fast growing and sizeable local online marketing space."
Yodle first established a presence in Austin in May 2011 after acquiring ProfitFuel, a locally based SEO company focused on working with small businesses. The firm noted it has already doubled its headcount in Austin, with hiring primarily focused on sales and client services, while also including a number of positions in its tech, HR and marketing operations teams.
"Yodle's expansion adds to the growing list of innovative technology companies that have chosen to make a significant investment in Austin," said Mayor Lee Leffingwell. "I am confident that the business-friendly environment that we've created in Austin will provide Yodle with the support that the company needs to succeed. I look forward to tracking Yodle's growth over the next few years and seeing its positive impact on the economy."
"We're thrilled that Yodle decided to expand its operations in Austin," said Opportunity Austin Chairman Gary Farmer. "We're grateful for Yodle's confidence and investment in Austin, and are excited to watch the company's continued success in the years to come." While tax incentives that may be provided to Yodle were not immediately available, Texas has several funds that foster job creation.