An IT company, which management bought from its original parent group earlier this year, has picked Derby for its new global headquarters.
Bam Boom Cloud has signed a five-year lease on a three-storey Grade 2-listed building in the city’s historic Wardwick area.
The company employs 100 people and has operations in the US, Canada, India and Ireland, with plans for further growth in Germany and the UAE.
It was previously known as Cooper Parry IT until a buy-out by its management team earlier this year.
Chief executive Vicky Critchley said staff will continue to be able to work from home, but the new 6,500 sq ft office – which will include a staff bar and computer games area – will be used for meetings and creative sessions.
The office is set to open in the summer, and the business has been helped by Derby City Council, Marketing Derby and property group Staton Young, which owns the building.
Ms Critchley said the company had entered an “ambitious phase” following the MBO and hoped to treble its £9 million annual turnover in the next three years.
The business offers cloud-based technology to small and mid-sized businesses and has been recognised by Microsoft for global excellence.
She said she was delighted to be able to bring the business to Derby from its previous base near East Midlands Airport.
She said: “We are excited by Derby’s plans to rejuvenate its city centre, including the Becketwell development, with its performance venue, apartments, hotel and public square, close to our new home in the Wardwick.
“It’s an exciting time for us to make the move.
“We also think we will be good for Derby’s future and for the economy of the city centre. We are already a global technology business and we have ambitious plans for further growth and to recruit more staff.”
Executive chairman Brett Critchley said staff had originally favoured a move to a business park but the team was excited by the buzz of the city centre, the vision for the new offices and the ability to continue to work flexibly.
He said: “The team will be able to combine working from home with coming into the office to interact with colleagues. They will be able to choose arrival and departure times to avoid sitting in traffic.
“We pride ourselves on being different and that will be reflected in our offices.
“The ground floor will feel more like being in a restaurant and will have its own staff bar.
“We’ll also have chill-out zones, a pool table and a computer games area.
“Our people can – and do – work successfully from home but they have missed the creativity of being with the wider team. This solution will offer them the best of both worlds.”
Marketing Derby helped with the relocation, and Derby City Council provided grant funding to help with the fit-out costs.
Council chief executive Paul Simpson said Bam Boom Cloud’s decision was an endorsement of the city’s coronavirus economic recovery strategy and efforts to attract more high-value employment into the city centre.
He said: “It’s hugely symbolic that a growing technology business like Bam Boom Cloud has chosen to base its global headquarters in the city centre.
“It’s exactly the kind of high-value investment that we are trying to attract.
“These knowledge-based businesses offer great employment opportunities and will help us attract and retain talent.
“They have been resilient during the pandemic and, traditionally, have been under-represented in the city centre.
“We look forward to watching Bam Boom Cloud’s continued success in its new home.”
John Forkin, managing director of Marketing Derby, said he hoped other companies would follow.
He said: “It’s an important vote of confidence for a city building back differently and a clear signal for others to join us in place-shaping a new Derby.”
Marc Brough, managing director of property group Staton Young, has invested heavily in Derby, creating a number of high-quality serviced business centres, including Cubo in Victoria Street.
He is redeveloping the former Inland Revenue offices in Agard Street as student accommodation and has acquired the city’s Post House, which will become a bar and apartments.
He bought the Wardwick building, where Bam Boom Cloud will be based, six months ago and said he was delighted to be able to bring it back to life after years of disuse. He is keen to acquire more buildings.
He said: “This development will bring more business people into the heart of the city centre, creating vibrancy and increased confidence. It’s fantastic for the city.
“We had 64 enquiries during last week alone. Covid may have changed the kind of offices people are seeking – they’re now looking for flexible, well-equipped and comfortable space – but there’s certainly plenty of interest in being in the city.
“It’s great news for the Derby economy and for the city’s future ambitions.”
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