March 20, 2014 – Mayor Michael A. Nutter and SevOne officially opened the company’s new, expanded Philadelphia office at the Land Title Building on South Broad Street this afternoon. During the ribbon-cutting ceremony, Mayor Nutter also announced the winners of the second Startup PHL Call for Ideas Awards which support entrepreneurs and improve student engagement with Philadelphia’s tech community.
“Philadelphia continues to develop into one of America’s most diverse, dynamic and exciting places to build a technology company. SevOne’s Philadelphia presence is further evidence that our city has the talent that growing companies need for success,” said Mayor Nutter. “My Administration is committed to supporting the growth and development of this sector, which is why connecting students and universities to the startup community is a focus for this round of Startup PHL Call for Ideas Awards. The awards foster and connect talent to thriving companies like SevOne, and demonstrate the City’s support for entrepreneurs as they develop their businesses.”
SevOne opened a satellite office in Philadelphia in March 2013 with 12 software developers in Old City. Now, with 30 current Philadelphia-based employees and plans to employ 50 by the end of the year, the company quickly outgrew its first office.
SevOne provides some of the world’s largest companies, including Comcast, Verizon, and Morgan Stanley, a patented performance monitoring, management, and reporting platform to detect and avoid poor network performance. Founded in 2005 and headquartered in Wilmington, Delaware, Forbes Magazine named SevOne one of America’s Most Promising Companies. In 2013, the company announced a $150 million dollar investment from Bain Capital.
“As a result of SevOne’s accelerated growth, which saw headcount double to 270 employees in the past year alone, it was imperative that we open a larger office in Philadelphia to meet our constantly evolving needs,” explained Jack Sweeney, CEO of SevOne. “We couldn’t be more pleased to remain here in Philadelphia, a vibrant, first-rate city with a motivated and technology-savvy workforce.”
The Startup PHL Call for Ideas is a Commerce Department program that provides grants for projects that support entrepreneurs and improve Philadelphia’s startup ‘ecosystem’. This second round of Call for Ideas focuses on student engagement with Philadelphia’s tech community.
2014 Call for Ideas Grant Awards:
· PennApps Fellows Internship Program – Up to $25,000 to fund 10 internships in a local program connecting student interns from across the nation to Philadelphia based companies for a 10-week internship during the summer 2014.
· Philadelphia Fashion Incubator – $25,000 to create a series of monthly seminars, panels and interactive workshops focused on the business of fashion for the design community.
· Zivtech Developer Boot Camp – $24,000 to teach a six-week developer bootcamp to a class of 30 participants.
· NextFab Fellows Coop Program – $25,000 to support four co-op fellowships. Students will receive training and materials while gaining experience working with NextFab companies that struggle to find talent.
· Technical.ly / Philly Startup Leaders – $25,000 to create and execute a series of eight workshops to better connect the PHL tech community to students and universities.
“Companies continually tell us that a talented workforce is one of the most important factors to their growth,” said Alan Greenberger, Deputy Mayor for Economic Development. “Connecting Philadelphia’s world-class universities and students to our burgeoning tech community is a necessary component in retaining students past graduation and maintaining the momentum we see with companies like SevOne expanding in Philadelphia.”
For more information about Startup PHL visit www.startupphl.com. For more information about SevOne visit www.SevOne.com.