SyncHR, a leader in Human Capital Management cloud-based software, relocated its corporate headquarters to Denver, Colorado.
"Colorado is a thriving business community with important resources to help technology-focused companies like SyncHR flourish," said Pamela Glick, CEO at SyncHR. "Moving to Denver provides increased opportunities for collaboration with other technology leaders in the Front Range and offers a more central U.S. location to better service our clients throughout North America."
Another key advantage to moving SyncHR's headquarters to Colorado is the state's strong technology-experienced workforce, state officials said. According to Colorado's Office of Technology of Economic Development and Trade, "Colorado is a leading high-tech state with the second most educated workforce in the country, third highest concentration of high-tech workers nationwide and high-tech exports totaling more than $2.9 billion per year."
Previously based in Oakland, California, the company selected the new location based on the ability of Colorado's economy to support SyncHR's growth, as well as its strong technology-focused business environment, according to Metro Denver.
In the past year, SyncHR has increased its employee base by nearly 40%, half of which came from new Colorado hires, Metro Denver officials noted. Additionally, current company forecasts predict increasing the company's employee base by another 20% to support continued growth. SyncHR will also continue to expand its Oakland, California and Sofia, Bulgaria offices.