Gusto expands Denver office footprint with plans to double local workforce
HR software provider Gusto added another 60,000 square feet of downtown real estate to its Denver footprint. On Monday, the company finalized two new leases: one at the Tabor Center, where the company currently operates, and another at the Park Central office building on Arapahoe Street. This expansion is part of a broader growth plan that includes doubling its workforce — both in Denver and in its San Francisco headquarters. Gusto, which closed a $140 million Series C in July 2018, currently employs around 500 employees in Colorado and another 300 in California. It launched its Denver office in 2015 and has since rapidly scaled its operations here, growth that will continue in the months and years to come. [Read more.]
Catalyte acquires Denver-based Statêra's digital transformation business
On Wednesday, workforce data science company Catalyte — whose headquarters are in Baltimore — announced it had completed the acquisition of Denver-based Statêra's digital transformation practice. Statêra will continue to operate independently from Catalyte, offering Salesforce consultation services that help to drive efficiency for businesses and streamline their CRM and quote-to-cash sales processes. Catalyte, which identifies and trains software developers from non-traditional backgrounds, will leverage the acquisition to expand its presence in western tech hubs, particularly Denver and Dallas, where the demand for tech talent is at an all-time high. “Our ability to create a technologically-savvy workforce from local communities and client populations delivers engineers where they are needed," said Jacob Hsu, CEO of Catalyte, in a statement. The talent and services we have acquired from Statêra will help us provide deep industry knowledge and experience to guide enterprises on successful business and digital transformations.” [Read more.]
Space-based edtech company DreamUp moves national headquarters to Boulder
DreamUp, a public benefits company that brings space-based educational programs to students and teachers, announced it has moved its national headquarters from Washington D.C. to Boulder. Since its founding in 2015, the company has helped learners conduct more than 400 research payloads on the International Space Station and has launched student experiments on SpaceX and Northrop Grumman rockets. As part of the announcement, DreamUp also named seven inaugural members to its advisory board, including retired NASA astronaut Nicole Stott and NASA's former Associate Administrator for the Office of Education, Donald James. “Boulder is an ideal fit for DreamUp because entrepreneurship, innovation and education are all deeply ingrained in the fabric of the community,” said Co-Founder and CEO Carie Lemack in a statement. “We are excited about the new opportunities in front of us, and we look forward to leveraging the knowledge and guidance of our accomplished advisory board members as we continue to grow and evolve.” [Read more.]
Denver-based myStrength to be acquired by Livongo
Denver-based startup myStrength — whose digital platform addresses depression, stress, anxiety, substance abuse, chronic pain, sleeplessness and other behavioral health challenges through education, support and user tracking — announced yesterday that it will sell the business to Bay Area healthtech company, Livongo. Livongo’s Applied Health Signals software leverages data to help people with chronic conditions live healthier and happier lives. The acquisition enables Livongo to address the health of the whole person by adding behavioral health solutions to its suite of services. The specific price of the acquisition was not disclosed, but Livongo CEO Glen Tullman told MobiHealthNews the figure is in the tens of millions. [Read more.]
Cryptocurrency legislation passes in the Colorado Senate
As Colorado continues to position itself as a leader and hotbed for the cryptocurrency and blockchain industries, state officials are hard at work refining and clarifying regulations. On Monday, the Colorado State Senate passed SB19-023, also known as the Colorado Digital Token Act, which limits exemptions from the securities registration and securities broker-dealer and salesperson licensing requirements for individuals dealing in digital tokens. Essentially, the bill aims to nurture a healthy, innovative cryptocurrency ecosystem here in Colorado. The bill, which is now headed to the House of Representatives, was drafted with the help and insight of industry stakeholders and the Blockchain Council, a 16-person working group that includes Senators Steve Fenberg (D-Boulder) and Jack Tate (R-Centennial), who were appointed by former Governor John Hickenlooper in 2018. [Read more.]
