Symplified Inc. moving to Pearl East park
Last Updated: 17:44 September 24, 2013
Symplified, a provider of cloud security software in the identity and access-management realm, is leaving its roughly 9,000-square-foot space on the second floor at 1600 Pearl St. for 8,055 square feet at 4900 Pearl East Circle, No. 108.
Nate Litsey and Chad Henry of W.W. Reynolds Cos., represented the landlord in the lease deal, while Marty Knape and Alex Hammerstein of CBRE represented the tenant.
Symplified chief executive Shayne Higdon said the goal is to move in mid-October.
Despite the smaller space, Higdon said Symplified is in expansion mode, adding more than 30 employees since the first of the year as it rolled out a couple of new products and partnerships. The privately held company founded in 2008 does not disclose revenues.
The new space, Higdon said, will be more functional and employee-friendly.
Higdon, who has been CEO for about a year, said recent employee surveys uncovered a desire for things such as showers and access to the outdoors to help accommodate many employees' active lifestyles. The new space will add such amenities, including a roll-up glass garage door employees can open to barbecue or play basketball.
"I wanted to put our money where our mouth is and give the employees what they want," Higdon said.
Another factor in the move was the expansion of the building at 1600 Pearl, where Boulder Brands Inc., will move into a newly added third story once it is complete. The addition of the third story meant Symplified lost about 1,000 square feet of its space to make way for an elevator and staircase.
While Higdon acknowledged the prime downtown location Symplified is leaving, he said the new digs will be more open than its spot now.
"We want to continue to modernize and innovate and create a culture with lots of energy," Higdon said. "You do that with a really open work environment."
Cloud storage provider SolidFire Inc., which shares the second floor of 1600 Pearl with Symplified, will expand into the space Symplified is leaving, SolidFire director of finance Derek Kraus confirmed, adding that the company had no other comment on the expansion at this time.
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