Wednesday, October 1, 2014

Fast growth spurs tech startup's move to Packard Place

The latest company to take residence in Charlotte's swelling incubator for technology start-ups started two years ago on a trip to the Blue Ridge Mountains.

SpendBoss, which provides businesses and retailers with technology helping them easily order supplies, has moved to Packard Place on South Church Street to accommodate its growth.

The company started in 2012 when a dozen retail executives gathered at the Biltmore Estate in Asheville and began collaborating on how to best develop a solution for managing indirect spend, the purchases a business uses for supplies that are not directly related to the products it sells or services it provides, according to its website.

The group that would make up SpendBoss created a cloud-sharing software that allows business owners to budget, communicate with suppliers and create reports, graphs and spreadsheets on one platform.

Company officials said in a news release that Packard Place has the "right elements to foster the growth of a revolutionary startup." The company has more than doubled its size within the past year, officials say.

SpendBoss is now among more than 100 tech-startups in Packard Place, said Dan Roselli, Packard Place co-founder. The company is one of the largest in Packard Place and has agreed to mentor newer startups in Packard Place's QCFinTech program, a financial services technology incubator.


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