King Memory LLC, a technology company developing a global ERP e-commerce platform and a propriety algorithmic management system of technology commodities, announced it is expanding its operations in Columbus. The company will add $550,000 of additional payroll in 2017 alone, and is commiting to add 40 new jobs over the next three years. The company will hire production, software development, data science and security/hardware positions.
Some positions will be housed at the company’s existing location at 380 Morrison Road, and a to-be-determined downtown Columbus location will house developers and creative positions.
“Not only does operating in Columbus provide us with an incredible cost of living advantage relative to our competitors, primarily located in California, but it also allows us to be part of a vibrant community and growing technology sector,” said Darryl Tanner, CEO of King Memory LLC. “We look forward to adding new talent to our team, drawing from Columbus’ skilled workforce.”
King Memory’s explosive sales growth selling memory has been fueled by permitting only themselves to be the customer of their platform to drive the requirements to win in the marketplace. King Memory is able to roll out functionality at a much faster pace with a smaller team allowing them to keep up with the constant and rapid disruption that repeatedly afflicts e-commerce.
For the last nine years, King Memory’s focus on in-house software development versus tailoring out of the box solutions has led to a business model that counts its technology as its No. 1 competitive advantage, and the company has not taken on any outside investors. Based on Inc. 5000 rankings, King Memory was the sixth fastest growing company in Ohio in 2016, and third for companies over $10 million in revenue by the time the numbers were published. The company is also ranked No. 106 on Deloitte’s Technology Fast 500 list, and has a run rate of $20 million in sales for 2017 based on Q1 sales numbers.
“King Memory’s decision to expand its presence in the City of Columbus is a testament to our skilled technology workforce,” said Andrew J. Ginther, Mayor, City of Columbus. “We’re happy to see a Fast 500 company continue to grow and thrive in our city.”
The Columbus Region boasts a robust technology sector, spanning industries including finance, retail and more. Columbus ranks as the No.1 best city for top tech talent among small markets, according to CBRE Research’s third annual scoring tech talent report card.
About King Memory LLC
King Memory LLCis building the most advanced global ERP system for ecommerce businesses. King Memory is currently the only customer of the platform as it works towards getting it to a marketable product and use the domination of the memory niche as a proof of concept to the effectiveness of the platform before it begins monetizing it. Learn more at kingmemoryusa.com.
About City of Columbus, Ohio
The City of Columbus is the 14th largest city in the United States with a population of approximately 860,090 residents. The Columbus economy is balanced with a combination of education, technology, government, research, insurance and health care entities as major employers within the region. Columbus is gaining nationwide recognition for its historic neighborhoods, booming downtown arts and sporting districts, open attitude and a noticeably affordable quality of life. Learn more about the City of Columbus at columbus.gov/development/Economic-Development/.
About Columbus 2020
As the economic development organization for the Columbus Region, Columbus 2020’s mission is to generate opportunity and build capacity for economic growth across 11 Central Ohio counties. In 2010, hundreds of business and community leaders developed the Columbus 2020 Regional Growth Strategy, and the Columbus Region is now experiencing the strongest decade of growth in its history. The Columbus 2020 team conducts business outreach, promotes the Columbus Region to market-leading companies around the world, conducts customized research to better understand the Columbus Region’s competitiveness, and works to leverage public, private and institutional partnerships. Funding is received from more than 300 private organizations, local governments, academic institutions and JobsOhio. Learn more at ColumbusRegion.com.