Quote:"Canada’s newest tech darling Shopify, which went public this year and is valued at $2.75-billion, will soon announce a major expansion in the region, according to three sources familiar with the matter.

The sources, who asked not to be named as the plans have not yet been made public, said the e-commerce facilitator has just leased space in Waterloo that would let it boost its presence from about 20 people to potentially a few hundred in the region."

Quote:Citing the “amazing talent pool” in Waterloo Region, Shopify is undertaking an ambitious expansion of its local operations, including a 300-employee office in the former Seagram Museum/CIGI building in Waterloo’s core.

The new facility, to be occupied in April 2016, will enable a tenfold increase in the local footprint of the Ottawa-based e-commerce giant, which currently employs 30 at a sales lab that opened about a year ago in Kitchener’s Lang Tannery.

With about 800 employees split among Ottawa, Montreal, Toronto and Waterloo Region, Shopify has become Canada’s hottest technology company, with a market capitalization of $2.8 billion. That’s more than double its value at the time of its initial public offering of shares just over four months ago.

(10-01-2015, 01:57 PM)rangersfan Wrote: So does CIGI no longer use the space or they use only a fraction of the building?

(10-01-2015, 01:57 PM)rangersfan Wrote: So does CIGI no longer use the space or they use only a fraction of the building?