Calabrio To Double HQ With North Loop Move

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Local enterprise software firm Calabrio has signed a new 120,000 square foot lease agreement in Minneapolis’ North Loop, the Minneapolis-St. Paul Business Journal reports (paywalled).

While the relocation is merely a few blocks away from the current digs at 400 N 1st Ave (Wyman Building), the scale of their forthcoming office is expected to be double the footprint and accommodate up to 800 employees — also about twice as much as their current 440-person roster. To do so, they will anchor and occupy 4 floors of the yet-to-be-constructed 10 story Swervo/CPM building at 419 Washington Ave N.  The report pegs timing with a target move in sometime during the first half of next year.

“This is purely a growth play,” Calabrio CEO Tom Goodmanson is quoted as saying. “We love what we are doing here. We just ran out of space. It was a case where we wanted to stay close. We like the area,” he said. “It was combination of that and getting a new building — it was the best of both worlds.”

Formed in 2007, Calabrio’s call center software grew up over the years, turning an $8m early investment into a ~$200m payout 10 years later when KKR purchased the firm just last year. In addition to Minneapolis headquarters, the company also maintains international offices in Vancouver, London, and Singapore.

For a thorough YTD list of tech companies coming to Minnesota, and those like Calabrio moving around town, see our ever evolving “Move” category.

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