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Growing software company opens Houston office

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Elderberry:
Houston Chronicle by  Andrea Leinfelder Aug. 21, 2019

A software company that says it’s valued at $7 billion is opening an office in Houston Thursday as it aims to win customers in the health care and energy sectors by automating their mundane employee tasks.

UiPath of New York creates software to mimic human activity. It performs routine, time-consuming tasks, such as copying data from a PDF and pasting it into an Excel spreadsheet, and allows employees to focus on more important tasks.

“Texas is a very critical place for us because it’s where we have some very large customers and where we see a lot of innovation going on inside our customers,” said Marie Myers, UiPath’s chief financial officer who lives in Houston. “(Oil and gas companies) have had a lot of economic pressure in the past two to three years, so they’ve really had to look at ways to transform.”

Myers, previously the global controller and executive officer at HP, joined UiPath in December. A month later, she consolidated the company’s approximately 20 local employees, who had been working from home, into a small building downtown. They’ve since expanded and built out the space at 114 Main St.

“We have 71 folks here today,” Myers said, “and we’re hiring more every day.”

The company was founded in Romania in 2005 and moved its headquarters to New York in 2018. It has about 3,200 employees across 20 countries.

More: https://www.houstonchronicle.com/techburger/article/Growing-software-company-opens-Houston-office-14364885.php

PeteS in CA:
How long before the NY HQ gets demoted to sales office and the Houston sales office (or some other non-NY and non-CA sales office) gets promoted to HQ?

IsailedawayfromFR:

--- Quote from: PeteS in CA on August 22, 2019, 12:50:38 am ---How long before the NY HQ gets demoted to sales office and the Houston sales office (or some other non-NY and non-CA sales office) gets promoted to HQ?

--- End quote ---
That sounds reasonable, but there are many similar companies that have HQ in NY or CA with most operations elsewhere. 

Why do they stay in their HQ?  Because the upper mgt does not care, it loves NY and CA.  And can afford to live there.

I worked for one whose HQ was NY but most operations were in Houston.

Bill Cipher:

--- Quote from: PeteS in CA on August 22, 2019, 12:50:38 am ---How long before the NY HQ gets demoted to sales office and the Houston sales office (or some other non-NY and non-CA sales office) gets promoted to HQ?

--- End quote ---

A long, long time.  NY is too central of a place for international businesses and for financing activities for it to be ignored. 

PeteS in CA:

--- Quote from: Bill Cipher on August 22, 2019, 01:50:46 am ---A long, long time.  NY is too central of a place for international businesses and for financing activities for it to be ignored.

--- End quote ---

I've worked in tech for over 40 years. Of the three $1B+ companies I've worked for in that time, only one had its HQ in NY. Tech companies - HW and SW - tend to start and keep their HQ where the engineering talent is - not that CA (in my case) lacks for Business Administration people - manglement or marketing/sales. Silicon Valley is not the only major tech place in the US. There's much near Boston. There's much near the Raleigh-Durham area. And there's much in the Houston area.

NYC is one of those Prog-ruled cities that seems intent on killing the geese laying its golden eggs.

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