A rapidly expanding technology company is planning a move to bigger headquarters in Morrisville from its current offices in Durham.
iContact, which sells email marketing services to businesses, announced today that it will relocate to Wake County from Durham in October. The new 70,000 square-foot space, next to Lenovo Group's headquarters in Perimeter Park, can hold up to 500 employees.
iContact now employs 195 people and plans to add at least 40 more this year.
“Our vision is to build a great global company based here in North Carolina,” said CEO and co-founder Ryan Allis, above left, in a prepared statement. “We started out in two rooms in downtown Chapel Hill in 2003. We moved to Durham in 2004 when we reached 12 employees. Our new headquarters location in Morrisville will be a great home to achieve our vision and continue our rapid growth to 500 team members and beyond.”
Allis, now 25, was a freshman at the University of North Carolina at Chapel Hill when he met Aaron Houghton, above right, a senior computer science major, through the Carolina Entrepreneurship Club in 2002. They joined forces to form iContact, with Allis handling marketing and Houghton handling development.
The private company raised $4.5 million in financing from its existing investors in November to pay for further expansion.
Customers such as Intuit, Vonage, Symantec, International Paper, LG Electronics and ReMax use iContact's technology to create email newsletters, customer surveys and more.