Close management software developer FloQast Inc. has moved to larger offices in Los Angeles, following significant growth during 2017.

The new offices, in 20,000 square feet at 14721 Califa Street in the L.A. suburb of Sherman Oaks, represent a tripling of the company’s space, which was made necessary by an increase in staff of over 250 percent in 2017. The company also tripled its revenues, and closed a $25 million round of financing this year.

“We wanted a space that would afford us room to grow and be reflective of our company and culture. We’ve built out our offices to achieve this, and are excited to move into a location featuring bright, open work spaces that encourage collaboration. It also features stadium seating for our legendary ping-pong competitions,” explained CPA and FloQast chief executive and co-founder Michael Whitmire, in a statement.

“Rapid adoption of our close management software amongst accounting teams seeking to close their books faster and more accurately is propelling FloQast’s rapid growth. We anticipate this to continue and expect the new space to accommodate our growth for the next three to five years,” he added.

Earlier in the year, FloQast opened an office in Columbus, Ohio, which now has 20 employees.

The company, which was created by accountants, develops software to help companies close their books more quickly and accurately at the end of the month.

For more, visit www.floqast.com.

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Daniel Hood

Daniel Hood

Daniel Hood is editor-in-chief of Accounting Today and Tax Pro Today, and has covered the tax and accounting field for over 20 years.