Plex Systems is moving from Auburn Hills to Troy and into a new home that gives it plenty of room to accommodate its rapidly growing staff.
The 17-year-old software firm has hired 87 people over the last year, expanding its staff to 275 employees and a few interns. The company expects to keep hiring for the foreseeable future, and needed an expandable office space footprint to amake room for all those new hires.
"Troy has a lot of square footage available," says Mark Symonds, CEO of Plex Systems
. "We didn't want to be in a lot of buildings. We have a lot of space in our tower and we expect to grow in Michigan."
Symonds adds that Troy is more centrally located for his workforce. He also expects the predominantly office-space area of Troy will help his company with recruiting.
The move comes shortly after Francisco Partners
, a Silicon Valley-based private equity firm, acquired Plex Systems
last summer. Francisco Partners was attracted to Plex Systems because it was an early adopter in the cloud ERP market, enabling it to grow to a worldwide presence. Its flagship product, Plex Online, is a shop-floor-to-top-floor solution for manufacturers in the automotive, aerospace, defense, food and beverage and electronics industries.
Source: Mark Symonds, CEO of Plex Systems
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.