Cash-rich Code 42 extends its roots on the other side of the river

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By Jeremy Stratton, Finance and Commerce

Code 42 Software executives were drawn two years ago to move the company’s offices out of downtown Minneapolis and over the Mississippi River to Riverplace.

The extra space has come in handy.

Code 42’s headcount more than doubled to 86 in 2011, and is now at 92. It’s expected to grow to at least 150 by the end of 2012 — now that the company has raised $52.5 million in one of the largest venture capital raises ever in the state.

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