Indianapolis-based Formstack has announced plans to open an office in Colorado. The software-as-a-service company says the new location in Colorado Springs will serve as a hub for its outbound sales, mid-market and enterprise team, and will create 55 jobs.
Formstack says its headquarters will remain in Indy. The new office is expected to open in April 2018 and the company says it is the result of sustained growth with an expected 50 percent increase in its remote workforce.
"Formstack has a largely remote workforce with employees scattered across the United States and around the globe. We saw a concentration taking place in the Colorado Springs area, including myself," said Dustin Sapp, chief operating officer of Formstack. "The city is a natural fit for our continued growth with its strong access to talent, central location and a quality of life that fits the Formstack culture."
In an interview earlier this year on Inside INdiana Business with Gerry Dick, Sapp said about two-thirds of Formstack’s employees work remotely throughout the world.
Chief Executive Officer Chris Byers says the company has seen a 36 percent year-over-year growth in workforce since it was founded in 2006. The company adds its product has more than 500,000 users in 112 countries.