Growing tech companies succeed downtown with acquisitions and IPOS
Uber, the popular ride-sharing start-up, recently announced its first-ever public acquisition – Downtown-based deCarta, a San Jose firm founded in 1996 that develops software focused on location-based features, including mapping, local search, and turn-by-turn navigation. Uber acquired deCarta’s technology and talent – 30 of 40 employees will remain with the company, including deCarta CEO and President Kim Fennell. deCarta will continue to operate as a wholly-owned subsidiary of Uber, but will still use its own name. Also recently announced, software developer Apigee, one of San Jose’s fastest-growing tech companies that moved Downtown from Palo Alto last year, filed Friday for an initial public offering. Apigee is touted by Deloitte as a top-five company in North American among technology, media, telecommunications, life-sciences and clean-technology firms. Apigee posted nearly 7,400 percent revenue growth from 2009 to 2014. Congratulations to both deCarta and Apigee on your success! For information about moving your firm to San Jose, contact Chris Burton, Senior Business Development Manager.