Data firm moves into expanded office after securing $40m financing
Data security company, Egress, has this morning opened its new office in the heart of Sheffield’s digital campus after securing a $40m financing to support its expansion.
The firm has taken 7,500 sq ft in the new Acero building, which it said it had decided upon to support the region’s growing reputation as a technology and digital hub.
The company, which currently has 70 staff based in Sheffield, aims to recruit a further 30 employees to roles at all levels of the organisation by the end of 2019. It is part of the company’s expansion drive, which has been fuelled by $40m Series C financing secured in December 2018.
Tony Pepper, CEO of Egress, said: “Our new office underlines our commitment to developing a technology innovation hub in Sheffield, something which is very important to the senior team here at Egress.
“There is enormous potential in this region to create exciting and innovative technology opportunities which capitalise on the considerable talent that is coming out of the region’s universities and schools. We are determined to show that Sheffield has a huge role to play in national digital and data security innovation.
“This office is a cornerstone of our strategic development plans and we will be recruiting new staff to join our existing team and continue to grow the company.”
A recent Tech Nation survey found that 70% of tech start-ups located in Sheffield think the tech sector has good growth potential
Pepper added: “As a committed member of Sheffield’s tech scene, we believe the region is strongly positioned to succeed as a hub for innovation. There are already around 19,000 digital jobs in the city with potential for many more. We hope this open forum will highlight the opportunities that technology businesses such as Egress can bring to the area.”
