FloQast Relocates Corporate Headquarters on Heels of Rapid Growth and Workforce Expansion
Dec 18, 2017 | By Business Wire
Company Triples Office Space in New Los Angeles Location
LOS ANGELES — December 18, 2017 — FloQast, Inc., a provider of close management software created by accountants for accountants to close the books faster and more accurately, announced today the relocation of its corporate headquarters due to continued rapid company growth.
Effective today, FloQast moved to its newly remodeled 20,000-square-foot corporate offices at 14721 Califa Street, Los Angeles, CA, 91411, located in the San Fernando Valley suburb of Sherman Oaks. Based nearby for the past two years, FloQast outgrew its current headquarters.
The move to the larger, expanded space was prompted by FloQast’s employee growth resulting from the company’s continued business expansion. In 2017, FloQast more than doubled employees working at its prior Sherman Oaks location. Earlier this year, FloQast also opened its Columbus, Ohio office, which now employs 20. Today, FloQast employs 100+, having grown employee headcount in excess of 250% in 2017. The Company’s expansion comes on the heels of triple digit revenue growth and the closing of a $25 million Series B round of financing in June 2017. In 2018, FloQast anticipates further significantly growing its workforce.
“We wanted a space that would afford us room to grow and be reflective of our company and culture. We’ve built out our offices to achieve this, and are excited to move into a location featuring bright, open work spaces that encourage collaboration. It also features stadium seating for our legendary ping pong competitions,” explained Michael Whitmire, CPA, chief executive officer and co-founder of FloQast.
“Rapid adoption of our close management software amongst accounting teams seeking to close their books faster and more accurately is propelling FloQast’s rapid growth. We anticipate this to continue and expect the new space to accommodate our growth for the next 3-5 years,” Whitmire added.
To learn more about FloQast and its innovative close management software, visit www.floqast.com.
FloQast is a leading developer of close management software, created by accountants for accountants to close faster and more accurately. Working with accounting teams’ existing checklists and Excel, FloQast provides a single place to manage the month-end close and gives everyone visibility. FloQast customers on average close three days faster. The award-winning solution is trusted by hundreds of accounting departments, including those at Twilio, Nutanix, Zillow and The Golden State Warriors. To learn more, visit www.floqast.com and join the conversation on Twitter @floqast.