FORT COLLINS – Xpanxion, an Atlanta-based software-services firm, announced Monday that it has opened an office in Fort Collins, where the company expects to someday employ at least 100 information-technology professionals.
The company’s office at 1015 W. Horsetooth Road opened last week with about 10 employees, Xpanxion spokesman Mason Wambolt said. He said the company had been hiring employees in the area to work remotely for the past few months in anticipation of opening the office here.
Xpanxion provides custom software development and quality-assurance services for enterprise-level clients.
Wambolt said it could likely be a few years before the Fort Collins location ramps up to 100 employees.
“(Hiring) will probably go in spurts,” he said.
Xpanxion is a wholly owned subsidiary of IT services provider UST Global, which purchased the company in May. Xpanxion ranked 3,744th on the 2014 Inc. magazine list of the 5,000 fastest-growing private companies in the United States, growing revenue from $12.1 million in 2010 to $22.4 million in 2013.
The company, which has about 550 employees, has offices in Kearney, Neb.; Lincoln, Neb.; Ames, Iowa; Manhattan, Kan.; and Loup City, Neb., where founder and chief executive Paul Eurek is from. That’s in addition to an office in India.
Xpanxion’s model is to locate primarily in college towns in rural areas, aiding not only in recruiting and providing attractive places for employees to live but also helping lower software services costs for the company’s large clients that are mostly located in major metropolitan areas.
“One thing we liked about Fort Collins is it opened us up to the Colorado market,” Wambolt said. “There’s a lot of talent in that area.”