PowerDMS, Inc., a cloud-based document management software company, will expand its presence in downtown Orlando, adding 65 new jobs over the next three years and investing $400,000 into the region.
Founded in 2001 by CEO Josh Brown, the robust software platform provides practical tools necessary to organize and manage crucial documents and industry standards, thereby helping organizations maintain compliance with constantly evolving industry accreditation protocols.
Structured as a software-as-a-service (SaaS) model, PowerDMS combines attributes of Governance and Risk Compliance (GRC) and Enterprise Content Management (ECM) into its software platform, allowing customers to manage risk through living compliance documentation and content.
In addition to being awarded a financial incentive from the City of Orlando, PowerDMS recently secured growth equity funding from Ballast Point Ventures and plans to use the investment to augment its sales and marketing team and enhance its technology platform by offering new features to its customer base, which includes law enforcement, public safety, healthcare and retail. The company currently employs 57 employees.
“We’re eager to expand our operations right here at home in Orlando,” said PowerDMS founder Josh Brown. “It’s an exciting time to be part of the growing tech community and help shape the future of the industry here.”
“We have big plans and are currently looking for a new office location that will match our extremely unique culture. New developments in the community, including SunRail and the Dr. Phillips Center for the Performing Arts, are helping us attract the type of talent we need to succeed,” Brown added.
Competition for the project also included Texas, New York and California.
“This expansion by PowerDMS is great news for Orlando and is further proof that the state’s economic turnaround continues,” said Gray Swoope, President and CEO of Enterprise Florida. “Florida’s large and diverse workforce allows companies from all sectors to be successful and grow. IT companies in particular are succeeding in Florida thanks to a strong base of industry leaders and a rich network of partners.”
“Downtown Orlando is a great location for dynamic tech companies like PowerDMS,” said Orlando Mayor Buddy Dyer, “with a talented labor force, business friendly environment and high quality of life, Orlando has become an ideal site for corporate headquarters looking to expand.”
“With its decision to expand in Orlando, PowerDMS has confirmed that Orlando’s technology workforce is attractive to companies,” said Rick Weddle, President and CEO of the Orlando Economic Development Commission.
Partners on this project included the City of Orlando, the State of Florida, Enterprise Florida and the Orlando Economic Development Commission.
PowerDMS is a cloud-based document management software company. The application provides practical tools to organize and manage crucial documents and industry standards, train and test employees, and uphold proof of compliance, thereby helping organizations reduce risk and liability. PowerDMS has been named one of America’s Fastest-Growing Private Companies by Inc. magazine, one of Orlando’s Best Places to Work by the Orlando Business Journal and Best Companies to Work for in Florida by Florida Trend magazine. For more information, visit www.PowerDMS.com.
Enterprise Florida, Inc. (EFI) is a partnership between Florida’s businesses and government leaders and is the principal economic development organization for the state of Florida. EFI facilitates job growth for Florida businesses through recruitment and retention, international trade and exporting, promotion of sporting events, and capital funding programs to assist small and minority businesses.
Orlando Economic Development Commission (EDC) is a not-for-profit, public-private partnership that attracts, retains and grows jobs for the region. The EDC serves Orange, Seminole, Lake and Osceola counties and the City of Orlando in Florida. Since its start in 1977, the EDC, with the support of its community partners, has assisted thousands of companies relocate and expand in the four-county Orlando region. This has led to more than 176,750 jobs announced; $9.5 billion in capital investment; and more than 79.7 million square feet of office and industrial space leased or constructed. For more information, visit www.OrlandoEDC.com.