posted on May 14, 2010 01:29
Financial industry software provider Banker's Toolbox has moved its headquarters to Austin.
Previously based in North Hollywood, Calif., Banker’s provides commercial real estate loan stress testing, anti-money laundering software and wire processing. The company said in a release it is moving to take advantage of the Central time zone and to "increase access to the local talent base."
Officials did not say how many employees would be hired in Austin, but it employs 60 nationally, according to its website. No one was available for immediate comment.
“Austin has been dubbed the ‘Silicon Hills’ due to the concentration of high-tech companies headquartered in the area, so there is an incredible amount of local talent that we can tap into,” Banker's Toolbox CEO Daniel Cho said in a statement.
“In addition, the lower cost of living in this location is much closer to the national median, which allows us the opportunity to invite even more top-tier individuals to join our team. This move will better equip us to serve our customers as we begin another decade of helping financial institutions.”
The company, founded in 2000, is now located at 10431 Morado Circle, Ste. 300. It also operates offices in Denver, Colo.; San Diego, Calif.; Tampa, Fla.; and Atlanta, Ga.
May 3rd, 2010 | Austin Business Journal